The chart above, I created using the 1W timeframe and then I zoom in to 1D timeframe. First, look at the RSI indicator, price movement still shows the downtrend.
Second, Linear Regression also still shows the direction of the downtrend. Candlestick has broke the support line of Gann Fib 8/1 and now candlestick will price testing at 100.00% Fibonacci support line....
The chart above is a 4h timeframe based, then I zoom into 1h timeframe . Viewed on the chart, ICX has broke the 50.00% Fibonacci support level . It's time for ICX to price testing at 61.80% Fibonacci support level . Can this be a good time to buy ICX? Seen from the indicator RSI and MACD which still indicates the movement of candle will still continue...
Bitcoin can't break 50% fibonacci levels on 25 March 2018, it means (just my opinion), bitcoin keep continue for the downtrend. Bitcoin must break resistance on 23.6% and 38.2% fibonacci levels to change the trend to uptrend. If bitcoin hit support line on 0% fibonacci, prepare for the worst price in USD 6604 - 6166 to bounce back (hopefully). Bitcoin still need...
