EuroMotif
Panjang

BTC down to 12.5k before uptrend resumes?

COINBASE:BTCUSD   Bitcoin / Dolar
Three different time frame fib numbers line up at that price point.

There will be a lot of traders from different time frames watching that range.

Not to mentioned the Psychological level of 12,500.

Let's see how this goes.
The Golden Ratio is my Religion
all the fibs, for sure. this yellow trendline conveniently showed up right in the same spot ;)
Balas
ronfkingswanson ronfkingswanson
(note, this is bitstamp, while you charted coinbase, which I generally find to be too... noisy for clean patterns)
Balas
nailed it
Balas
EuroMotif ronfkingswanson
@ronfkingswanson, Thanks, means a lot coming from you. I hope it holds, but at least it shows the power of fibs in crypto traders minds - a bunch of longs were placed there. Now need to see if the bears can tear it down or not...
Balas
@euromotives, saw that spread of evenly split orders 12-12.5k too ;)
Balas
Awesome, we just hit your Support , lets see how high we can go ;) since californian weed month is starting , i can only see Highscores ;)
Balas
@MexFox, lol 'Highscores' :) I am still concerned that we have two more days of holiday, with thin liquidity and whales splashing around. But I am hoping the support is strong enough from enough timeframes that it holds until Jan 2nd, then we should FLY through all of 2018 (ignoring the occasional 40% crashes that will happen :)
Balas
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