Bitcoin - Price Action Analysis Update.

2018年9月16日

This chart does not look too much different from my previous one, but the one thing that has happened is that bitcoin tested fib level 0.618 and clearly we see a big wick pushing the price back to the trading range. I suspect the next 3-7 to be the ones who will tell us where bitcoin will be going.

Good luck trading!

2018年9月16日

註釋

Another wick off the support. There's a limit on how much the support can hold and the more we test it, the more it gets weaker. The bright side is that bears did not push the price to the 0.618 fib level indicating that they are getting weaker as well. Keep a close eye on bitcoin for now.