Bitcoin: Short term idea for XBTEUR 15 min + 1 D
Updated
Fibonacci price extensions are similar to Fibonacci price retracements. It is also support and resistance indicator that is used to determine possible support and resistance levels.
Again Fibonacci retracemnt, Fibonacci price extensions and Fibonacci price projections. Left side is just a zoom in to 15 min and right side shows a bit bigger picture.
I am looking at 15 because the fight before the massive R level is interesting and it can give hints to what will happen, when BTCEUR hits the R area (yellow box).
I like Fibonacci because I can use it for really fast short term trading and also to look at bigger picture for much slower but usually more massive moves.
Don't get stopped out.
Again Fibonacci retracemnt, Fibonacci price extensions and Fibonacci price projections. Left side is just a zoom in to 15 min and right side shows a bit bigger picture.
I am looking at 15 because the fight before the massive R level is interesting and it can give hints to what will happen, when BTCEUR hits the R area (yellow box).
I like Fibonacci because I can use it for really fast short term trading and also to look at bigger picture for much slower but usually more massive moves.
Don't get stopped out.
Trade closed: target reached
That was fun. Closed
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.