*Black Lines- "trend line" it supports the trend of the market (up or down) or
*Blue Highlighted lines:
This is where price has been and gone close too in the last month. we call this Price Action.
Note: Currently BTC has broken record highs of $2,000 a coin, reached around $2,800 and now is resting around $2,500
(Entry was $1,100 per coin, bravo).
Fibbonacci-(colored lines) this is a tool that allows us to see if the price is retracing backwards or forwards.
38.2% RED: is a very strong reversal point, so we can assume after the market tries to "pop" uneducated traders accounts it will continue in it uptrend.
Bais: Nuetral, expect to stay with = the 2,000-2,500 a coin for a bit.
Stay confident in your trade, for us to consider closing we would have to see some massive changes in the strength of the DOLLAR and a weak Bitcoin to drop below $2,000 a coin.
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