BTC:USD manages to break above 61.8% Fib level.

Updated
Expected to retest it again, and then will see where it will go from there.
If it finds support, expect BTC to continue higher to 38.2% level.
If it fails to find support above the 61.8% Fib level, there's a high possibility of it falling all the way down to 3800 again.

See also XBT/SPX ratio analysis:
Updated traditional market (SPX) normalised Bitcoin (XBT) Chart


More current XBT/SPX update:
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Constantly re-adjusting my Stop Loss unemotionally with the aid of my script (based on stdev and relative candle movement/directionality):
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BTC broke below the 61.8% Fib level but appears to hold support above the Ichicloud and the 21EMA on the 3hrly chart.
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BTC still holding above the 21 EMA.
A re-test of the break out higher from the ascending triangle?
accelerationBTCCorrelation Coefficient (CC)cyberensembleTechnical IndicatorsMomentum OscillatorsmomentumstrategyprismSPX (S&P 500 Index)S&P 500 (SPX500)Support and ResistanceTrend Lines

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