Perfect 23.6 BTC retracement COINBASE:BTCUSD
Hi all. I am personally betting on the success of the launch of the EOS mainnet. I would like to open a discussion about it. Do you thing the target prices above make sense? R1 is a personal bet R2 is if there would be a massive movement away from ETH given a possible success for EOS.
According to the RSI and MACD metrics, the index is ready for a correction towards (possibly) the 200-day MA.
The 0.618 Fibonacci retracement has worked before for ETHEUR and will likely work again. All is dependent on what BTCUSD actually does since ethereum (ether) these days seems more has btcusd 3x, rather than an independent project.