BITCOIN AND FIBONACCI
Hello all,
Bitcoin seems to be on the run with a very interesting Fibonacci pattern.
First run - 38.2% retrace
2nd run - 50%
3rd run - 62.8%
4th run - currently. If the recent price is the top of the current 7-day bull run, Fib retrace may possibly be 78.6% based on pattern; this puts the retrace to ~mid 52K's.
After that, we may have a signif reversal or may break out to ATH!
Happy trading!
Bitcoin seems to be on the run with a very interesting Fibonacci pattern.
First run - 38.2% retrace
2nd run - 50%
3rd run - 62.8%
4th run - currently. If the recent price is the top of the current 7-day bull run, Fib retrace may possibly be 78.6% based on pattern; this puts the retrace to ~mid 52K's.
After that, we may have a signif reversal or may break out to ATH!
Happy trading!
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