BTCUSD - The impact of a Full Fibonacci measurement
Check for yourself, throw the fibs on your own chart, none of this is to do with my bias, but simple technical analysis.
"The trader is the weakest link in the trade"
The failure of the 200ema saw price reach the 300ema, fast. Price momentarily tested the All-Time 0.618
Price is still currently held up by a small yet notable buy positive volume shelf. (See the values of the VPVR on the right)
As mentioned before: If we fail an ema, we generally test the next.
If we fail the 300, we go down to the 400 where there is still a buy positive shelf (increased from my March 15th post)
I still speculate that if we fail the 300 ema we don't drop past 6.4k
(in fact, I'm more confident now than I was 4 days ago) $6.9 is my downside target (a flash test of the 400, should we not breakout now.
I am still amazed at the All-Time fib measurement, what impact that had in Nov '17 and the "coincidence" of it's impact now
"The trader is the weakest link in the trade"
The failure of the 200ema saw price reach the 300ema, fast. Price momentarily tested the All-Time 0.618
Price is still currently held up by a small yet notable buy positive volume shelf. (See the values of the VPVR on the right)
As mentioned before: If we fail an ema, we generally test the next.
If we fail the 300, we go down to the 400 where there is still a buy positive shelf (increased from my March 15th post)
I still speculate that if we fail the 300 ema we don't drop past 6.4k
(in fact, I'm more confident now than I was 4 days ago) $6.9 is my downside target (a flash test of the 400, should we not breakout now.
I am still amazed at the All-Time fib measurement, what impact that had in Nov '17 and the "coincidence" of it's impact now
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