Fibonacci is beautiful : BTC triangle analysis and forecast
Updated
Yellow circles indicate interactions with resistance/support levels.
Green circles indicate interactions with the triangle. They also coincide with surprising accuracy with the Fibonacci ratios within the triangle.
Blue circles indicate my forecasts, if BTC continues to follow the same logic and pattern. There are four in total. The first should hit within two days : 7000. Then, there are two blue circles on the .618 retracement (pink) and one on the .368. I expect it to hit all four, but maybe I'm being too ambitious :)
For the rest, I feel it speaks for itself. If you need more explanations feel free to ask your questions and I'll be happy to answer :)
Green circles indicate interactions with the triangle. They also coincide with surprising accuracy with the Fibonacci ratios within the triangle.
Blue circles indicate my forecasts, if BTC continues to follow the same logic and pattern. There are four in total. The first should hit within two days : 7000. Then, there are two blue circles on the .618 retracement (pink) and one on the .368. I expect it to hit all four, but maybe I'm being too ambitious :)
For the rest, I feel it speaks for itself. If you need more explanations feel free to ask your questions and I'll be happy to answer :)
Note
Well how dumb is that. I had put my buy order at 7005 a week ago, but I didn't adjust with the fact that it took two more days to reach the support than I had calculated, so I missed my entry by 25. Shucks! Well, live and learn!
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