Bitcoin - The Median Line Versus The 61.8% Fibonacci
BTCUSDLive Chart - https://www.tradingview.com/chart/rEjC9P52/
Greetings All
Bitcoin is in one heck of a bar room brawl at the moment.
To the downside its rejected the last 4 times at the median line of the downward sloping Andrews Pitchfork.
To the upside a candle has not closed below the 61.8% Fib retracement ( @35589 derived from the A pivot of the upward sloping Modified Schiff Pitchfork to the All time High Price )
The 2 zones meet together on 31 May. Between now and 31 May a close above the Median Line would be a step in the right direction. A close below the 61.8% level...well lets just say its not good!
till next time
FXcrypto
-Disclaimer: This is not a recommendation to buy and sell. For Educational Purposes only
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