Bitcoin looks like it's found good support at its 0.236 Fibonacci Retracement - $9280; the 4 hourly candles RSI and MACD shows signs of the Bears tiring out, and the Bulls taking back control of the trend; with the Full Moon approaching on the 1st of March I see a potential rise in volatility to $13000 by then - 0.5 Fibonacci Retracement. Potential buy in sign...
Bitcoin continues its price action via both the median values within the pitchfork and Fibonacci retracement; take note how well the candles have found support or resistance within these values... On a side note, I've plotted the moon phases for those interested in astrological trading; so far the moon phases have been a great signal for approaching volatility.
Resistance just below 10660 seems to be indicating a retrace after a strong bull run up, and the Relative Strength Index not far from 60 on the daily charts; if the bulls break through 10660-10930, the retrace can occur at 11000-11320. Support seems to find it self well along my yellow trendline to 15000 so far - should be interesting to see how things develop...
A simple correlation of Bitcoins past history, seems to be repeating in similar fashion - I guess time will tell... Some Fibonacci eye candy for those bullish on bitcoins next trend...
A simple correlation of Bitcoins past history, seems to be repeating in similar fashion - I guess time will tell... A closer look at the pattern reveals the pricing peaks correlating close to the median ranges within the trajectory of the pitchfork ; the trajectory has a parallel match to December's 2017 pitchfork in my previous published idea.
A simple correlation of Bitcoins past history, seems to be repeating in similar fashion - I guess time will tell... A closer look at the pattern reveals the pricing peaks correlating close to the median ranges within the trajectory of the pitchfork ; the trajectory has a parallel match to November 2013's pitchfork in my previous published idea.
A simple correlation of Bitcoins past history, seems to be repeating in similar fashion - I guess time will tell...