ToBeMillionaire

ToBeMillionaire

Here is all i have learned about the fibonacci retracement tool... Analysis into his chart: Price retraces to 50 fibs level This indicates a strong uptrend. Thus a bounce on 0.5 fibs could give high probability to target - 0.272 As a take profit

ToBeMillionaire

Breakout and Retest of RSI, lets call it the "spring" level! Could it be possible that Gala is repeating history?? (not so long ago...)

ToBeMillionaire

TBD Might consider longing short term to before we can continue the downtrend. Or you could short the breakout downwards of the triangle/pennant.

ToBeMillionaire

Seeing as everyone is kind of bearish, I'd say the current market direction of bitcoin is down. Even though we have received some upside after recent drops the overall mood is still bearish. Reason 1, 2 and 3: 1. We are currently in a daily downtrend. Although bullish RSI is seen on the 1hr and 4hr time, it is not reflected on the daily time frame, 2. Fib...