BTC might be topping for now? 7409.24 gdax the top?
Updated
Just a fib wave that I have been following since the bounce started.
I first bought in at 5950, per this plan:
I have been closing pieces of my long position above the 7100 price, and each fib it hit above that price.
I am thinking it in nearing end of cycle, and getting ready for a correction.
Let see what happens at 7409.24, a 9.618 extension of the initial impulse.
It was approached and rejected at 7402, so it might now blow through the 7409....
I first bought in at 5950, per this plan:
I have been closing pieces of my long position above the 7100 price, and each fib it hit above that price.
I am thinking it in nearing end of cycle, and getting ready for a correction.
Let see what happens at 7409.24, a 9.618 extension of the initial impulse.
It was approached and rejected at 7402, so it might now blow through the 7409....
Comment
Wow, guess that was indeed a top (temporary?) Comment
Nothing like the elevator down after the stairs up. Comment
This fib is apparently still valid! Even after the massive pullback, the resonances are proving their validity
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.