Updated

BTCUSD captive to this Fib since 7400: Bitcoin bottom at 2792 ??

This fib externsion series has defined/guided Bitcoin's moves since 7400.

I have been watching this fib since that peak.
It's extensions have been part of all my Ideas posted since then.
Each line has been relevant so far, and if not yet, it will be on the way back up.

The bad news is that this type of fib series usually ends at the 9.618 extension.
We are clearly slowing in the downtrend, but I do not think we have bottomed yet.

As a matter of fact, that peak at 7400 was predicated by a 9.618, which I posted back then:

BTC might be topping for now? 7409.24 gdax the top?

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A closeup of the relevance of these lines just now

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Nice, fib line at 3928 still very much in play

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Still relevant, but this line has been pierced a couple times now

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Continues to prove itself. If it falls below 3746 line, might be a fast drop to 3451

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PING ...

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Red Alert errr GREEN Alert, line has been pierced

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Update on last pic, close up of rejection at that 6.618

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Bulls are working to hold the 7.418 at 3746

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Still quite bound to this fib but with some variances

After the last pierce upward of the 3928 line, it was confirmed right after with a precise ping. So we might be trying to re-sync to the fib after some wandering. I would love to see a precise ping of the line below then rocket up to the next band.

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Sliced through the entire band in 10 minutes :( Now trapped below it

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Coming back to test the top of this band which bulls really need to hold, else get trapped within band again

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Back to fighting 3451.84

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Still in control

high on candle thus far 3917, fib said 3929

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So we had a decent attempt to break above this band 7

bulls want to be walking on top of the 7.236 soon, and not have to defend the 7.618

.

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wow, still under the influence of this fib

EuroMotif

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag