Bitcoin
Long
Updated

Bitcoin and Fibonacci retracement.

It looks like bitcoin follows Fibonacci retracement more so then Support and resistance levels. Also don't forget that bitcoin is following the Wyckoff patterns almost perfectly. If you don't know the Wyckoff patterns then I highly suggests that you at least look over some of the patterns with the site on this post. Right now bitcoin is in the Wyckoff Accumulation phase.

Note
Looks like we are rejecting the 50% level at 41,000 - 42,500. RSI needs to cool off before another run IMO.

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