Are we Done Yet?Using the hidden support and resistance lines of trading assets we see here BTC has tested the 1.618 to the downside twice now which represents the end of a move some of the time. Usually the 2 fib is the clear end so from this chart we gain no directional clarity other than knowing exactly where we stand. Going to scale down time frames to the 1 hr. to see if any hint of direction. To play this chart it's very simple. If we break the 1.618 it's 99.9% chance going to test the 2. At the 2 volatility will boom and the move will be either a major reversal or the dreaded tank to the 3 (rare). Mind you I have only discovered these lines in the past year and have put thousands of hours into drawing and reading the price action enough to be confident here. every fib matters on the way back up as well till you pass the 1.
