Good Morning Traders, let's start with BITCOIN as there are no BUYING Push since 2017, and still dropping at this moment we'll love to analysis which can relatable and workout with complete statistics, here we are trying to dig in deep with Fibonacci(s) and any valid point shall comply under any prediction BITCOIN is now under in rumors/haptics scenario where everyone is freaking out and selling there assests,
Now, as an Investor we have to get as much as details possible in order to protect our gains,
Technicals, as you can see the chart is pretty complicated so let's dig deep and understand where is the next pivot?
-Fibonacci Grid forming 0.786 at $6468 which has been crossed down which indicates it was worth less (Plotted FIB L1 from 2902 to FIB L2 at $19891 the highest)
-Trend Fibonacci level(s) is drawing attention at Major level 1.618 at $2900 (Plotted TFIB L1 from 19891 to TFIB L2 at 9275 back to TFIB L1.)
-Circle Fibonacci 2.618 MAJOR Level forming at 2902 (Plotted Lowerlow to Higherhigh)
-Dynamic Support and Resistance level plotted at 2902 (4 Resistance and 2 Support checked)
-------------------------------------- Now, we have Cricle Fibonacci Intersecting with - 2902 we have Trend Fibonacci Level plotted at - 2902 we have Dynamic support Level plotted at - 2902 -------------------------------------- Conclusion - 2902 is the Major support $5000 is shall not be considered as the major support!
have any doubts? than, let us know in the comment section below and make sure to give this analysis a Thumbs UP +_+ Join our Telegram (link in BIO) Source - General public Information!
交易進行
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Still Shorting, Next Falling Stop at 5K, then minor correction! (It'll follow the lead as charted with Arrow1)
Great analysis and I agree $5000 is all i hear from every one let's see whose right or!
Neurologist1992
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I refuse to believe it. Not because I am emotionally attached to BTC, but because big money won't allow that. Why let the whole crypto market crash and take months to recover when they could just hold it at 5.6k'ish and repeat the same milkin' cycle in the next few weeks? The FUD has been debunked, China isn't banning cryptos, real projects are booming in 2018, Canada just approved first blockchain ETF. Lets stay real.
BloomFisher
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@Neurologist1992, No problem it's your opinion but just look at .com crash it was terrific and BITCOIN we are just saying 2k so anything is possible and no 5k is not a strong level, sorry but that's the truth!
darkandblue
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@BloomFisher, it is not strong as per some lines and principles which do not always hold. For now, I look at the buy levels at 5.5K and 5K, binance which is a small exchange has close to 1000 BTC orders waiting. have no visibilityon the large ones. That is real and out there.
cryptodonison
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@retiringsoon1, Binance which is a "small" exchange?
Oh dear, binance has constantly been in top 5 for volumes in the past month. Often at #1 or #2.
darkandblue
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@cryptodonison, i know what you mean but it is still only 5% of exchange volume. Nevertheless,you are right in general sense.