I'm not a perma bear at all.
I'm just thinking about the bottom for the next hipe.
In my opinion, it's early to say that we got touched the real bottom.
As an Alts holder, touch season for Alts has not finished yet.
Purple : Fib circle 3.618
Lime : Fib circle 4
Red : Fib circle 6.618
White : Fib channel(based on the Aug '15)
Black : Fib channel(based on the ATH)
Personal Q
Q1. The red zone(rectangle) will be safe permanently?
Q2. Any retest on the Fib circle 3.618?
Q3. NVT shows red. Collapse is incoming?
Q4. Anyway, everything is o.k. then BTC can get to 17.618 again?
Good luck.
I'm just thinking about the bottom for the next hipe.
In my opinion, it's early to say that we got touched the real bottom.
As an Alts holder, touch season for Alts has not finished yet.
Purple : Fib circle 3.618
Lime : Fib circle 4
Red : Fib circle 6.618
White : Fib channel(based on the Aug '15)
Black : Fib channel(based on the ATH)
Personal Q
Q1. The red zone(rectangle) will be safe permanently?
Q2. Any retest on the Fib circle 3.618?
Q3. NVT shows red. Collapse is incoming?
Q4. Anyway, everything is o.k. then BTC can get to 17.618 again?
Good luck.
Note
.
As you see, we are facing a some other starting point for BTCUSD now.
First of all, BTCUSD should breakout the long-term Fibonacci resistances.
If it can breakout the resistance, it probably can go to Fib 1.5
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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.