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thebumtrader

BTCUSD - Is finally OUTSIDE the box! (Breakout)

比特幣 (BITSTAMP:BTCUSD)  
thebumtrader  
BITSTAMP:BTCUSD   比特幣
Support and Resistance Fibonacci BTCUSD darvas
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supportandresistance fibonacci btcusd darvas
BTCUSD
Time frame - 4H
  • Yellow Circle - Represents the breakout off a strong confluence of two fibonacci retracements from the 1D and 4H time frame.
  • Gray Box - Represents the darvas box wherein the price has been moving in sideways for the past few weeks.
  • Now, the price is re-testing the support area where it broke out of and might bounce upwards to the targets in the chart presented.
snapshot
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