Confluence: 0.5 FIB Line 200 1D SMA S/R from Late JAN / Early FEB
Bounce from FIB Line towards next FIB line ==> RETRACE ==> SUPPORT at/above previous Resistance ==> Ascend towards next FIB Line XBT make FIRST attempt to FIB Line then RETRACES then SECOND attempt BREAKS RESISTANCE 11000 USD in LATE FEB / EARLY MARCH
Mini Parabola in 2019 + 7 month downtrend + Rebound from JAN 2020: FIB RETRACEMENTS = SUPPORT/RESISTANCE! Bounce from 8200 to 9600 in late JAN ==> Bounce from 9600 to 11200 in late FEB???
JUN 19 to OCT 19 Support JAN/FEB S/R Flip with several points of contact FIB Retracement Level from 3k DEC 18 to 14k JUN 19