BTCUSD High Level & Closeup - TLines + Fibs (Ext/Ret) Linear/Log

Updated

Here's a high level view of BTCUSD, considering some TA fundamentals.
Hope it helps. Comments are welcome.

(As usual, the disclaimer: this is not trading / investment recommendation / advice).

Note

Resistance @ trendlines in both Linear and Log charts working, as well as Retracement Fibonacci (of initial wave -- from 7K to 7.7K) also worked well, stopping @ ~0.5 and 0.618 levels, as expected (around 7.4K and 7.3K). Expecting now a rise up to 8K / 8.1K as the next wave (fibo ext. level 1.0 from initial wave).

Important: this is not a recommendation. Trade carefully and at your own risk. Good Luck!

PhinkTrade

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