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:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.