BitcoinShort
Wonderful 61.8% And 38.2% Fibonacci Magic
Updated
Here's an idea, the Wonderful 61.8% And 38.2% Fibonacci Magic.
Orange Circles lined up at the 61.8% And 38.2% Fibonacci Levels from the swing high of the ATH at $19,891.99 in December 2017 to the swing low of $3,130 in December 2018. (Pink Fibonacci Extension Tool)
Light Blue Circles lined up at the 61.8% And 38.2% Fibonacci Levels from the swing high on June 26, 2109 at $13,868.90 to the projected swing low of $10,903.82. (Yellow Fibonacci Extension Tool)
Remember to always, always place your trailing stops at the appropriate levels as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement or downwards movement. <<<<<
Happy Trading Everyone.
Ron
Full Chart View:
============================================
Check out these still valid mid-term outlook for Bitcoin:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Potential Inverse Head & Shoulders Pattern
============================================
Check out these still valid long-term outlook for Bitcoin using:
Bitcoin ABC Elliott Correction Wave & Gann Boxes
Bitcoin's Most Common Reversal Levels
Fractals: Hmmm, Pretty Similar To Me Bitcoin
============================================
Check out Bitcoin Cycles
Bitcoin Cycle Of Rise, Peak, Drop
Orange Circles lined up at the 61.8% And 38.2% Fibonacci Levels from the swing high of the ATH at $19,891.99 in December 2017 to the swing low of $3,130 in December 2018. (Pink Fibonacci Extension Tool)
Light Blue Circles lined up at the 61.8% And 38.2% Fibonacci Levels from the swing high on June 26, 2109 at $13,868.90 to the projected swing low of $10,903.82. (Yellow Fibonacci Extension Tool)
Remember to always, always place your trailing stops at the appropriate levels as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement or downwards movement. <<<<<
Happy Trading Everyone.
Ron
Full Chart View:
============================================
Check out these still valid mid-term outlook for Bitcoin:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Potential Inverse Head & Shoulders Pattern
============================================
Check out these still valid long-term outlook for Bitcoin using:
Bitcoin ABC Elliott Correction Wave & Gann Boxes
Bitcoin's Most Common Reversal Levels
Fractals: Hmmm, Pretty Similar To Me Bitcoin
============================================
Check out Bitcoin Cycles
Bitcoin Cycle Of Rise, Peak, Drop
Note
Bitcoin wanted to use the bigger Fibonacci Extension tool. Price has reached the 61.8% Fibonacci Level from the swing high of the ATH at $19,891.99 in December 2017 to the swing low of $3,130 in December 2018. (Pink Fibonacci Extension Tool).Time for a reversal! Bull Run, here we come!
Note
Update:
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