I'm looking to buy back in around 8500 USDT If it looks stable. MACD on 1 day charts doesn't look great, the 3D charts on Bittrex look like they could cross soon as well.
Looking back at this chart, I put the fib 1.0 level a bit lower than I meant to. Please refer to the more recent BTC/USD charts I did. Still expecting 8500 range, possibly 7800 range before a bounce back if we don't double bottom and bounce.
As everyone is aware by now, BTC did fall a bit lower to the next major support after crashing through the support my (C) was on. It looks like right this second we are back up under that same old support and trying to break resistance.
@Ragnarok7, Yeah thanks. Time will tell if we are both right. It was interesting how the trend line and the measured C wave happened to coincide with one another at the 0.618 Fib level. It wouldn't surprise me at all if BTC just said F both of us and rocketed from here lol.
@bwymore, it is simply phenomenal as the fibonnaci retractions work, the numbers 0.618 and 0.328 are very important supports and resistances i always use it, if the wave c ended now we can reach a new historical topo in a few days.