The horizontal lines are extremely significant Fibonacci ratios based on the 69D chart. The market attempted / is attempting an MA 3/12 Golden Cross after falling below 3.618. Short targets are given assuming that bulls fail here. Ultimately, this would be a lower high and price will fall to a lower low, precipitating lower and lower price targets. The ultimate...
The one week chart is the Golden Key to understanding Bitcoin's price movement. At this time, Bitcoin is under a zone of resistance, as can be seen on the left side of the chart. This resistance began forming the Week of February 15th and continues to this very moment. As far as Nison candlestick trading strategy goes, look to MA 3/12. Observe on the chart that...