Potential Fib Retracements For BTC/USD Practice chart
Not sure If I took the bottom of the impulse to the top properly, or if this should even be applied at the 4 hour chart.
From what I have read from news, other posters, and the current price action this is where I think we are going.
.5 Fib likely will hold in my opinion. if not, .618 should be a quick bounce.
RSI suggests more room too fall before finding the floor, just not sure which level it will be. Only time will tell!
This is clearly not advice, I am a hobby trader. This is for my own enjoyment and reference.
Dont be shy to critique.
From what I have read from news, other posters, and the current price action this is where I think we are going.
.5 Fib likely will hold in my opinion. if not, .618 should be a quick bounce.
RSI suggests more room too fall before finding the floor, just not sure which level it will be. Only time will tell!
This is clearly not advice, I am a hobby trader. This is for my own enjoyment and reference.
Dont be shy to critique.
Note
almost a touch to the .5 fibreversal possible between .5 and .618
dont think we will touch .618 level
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