Bitcoin / EuroLong
BitCoin catch the falling knife
The uptrend diagonal resistance is broken and therefore expect continuation in down trend.
I suspect the older diagonal resistance to be the bottom, the Fibonacci retracements 50/61.8 is nearby, crossing each other.
Expect fast down movement after purple dashed resistance line
My entry:
I set my alarm above the Fibonacci 50% level and put my finger on the fire entry button :)
I suspect to reach the 61.8% maybe further and bounce up on the Fibonacci channel.
The rend is from BITSTAMP in EURO
I suspect the older diagonal resistance to be the bottom, the Fibonacci retracements 50/61.8 is nearby, crossing each other.
Expect fast down movement after purple dashed resistance line
My entry:
I set my alarm above the Fibonacci 50% level and put my finger on the fire entry button :)
I suspect to reach the 61.8% maybe further and bounce up on the Fibonacci channel.
The rend is from BITSTAMP in EURO
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.