NEOBTC did a pretty textbook 5 wave correction on important Fib levels. Total correction of 85% in terms of BTC and 95% in terms of USD.
Blue line should now act as support and red line should be broken in the next week.
Happy trading
Blue line should now act as support and red line should be broken in the next week.
Happy trading
Note
EOBTC works well with a linear scale It shows that we found support at a 95% retracement of the bullish wave and we are about to break the resistance.
Note
All is well in NEOBTC land
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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.