BTCUSD bounce or break???
Updated
The price maintains the correction at the Fibonacci ratio of 0.618
The question is, bounce or breakdown to Fibonacci 0.786?
while the correction on fibo 0.786 is a correction that is considered unusual and is likely to continue its trend towards ratio 1.
What do you think?
The question is, bounce or breakdown to Fibonacci 0.786?
while the correction on fibo 0.786 is a correction that is considered unusual and is likely to continue its trend towards ratio 1.
What do you think?
Note
while in the stock to flow ratio the price of BTCUSD is normally in the price range of 85kThe 'Stock-to-flow' is a number that shows how many years, at the current production rate, are required to achieve the current stock. The higher the number, the higher the price.
source: stats.buybitcoinworldwide.com/stock-to-flow/
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