mortonpeak

BTC's fib fidelity

COINBASE:BTCUSD   Bitcoin
unbelievable fidelity to fib retracement since last bottom/ observed bottom trend change

trying not to predict an overly optimistic rise, but this trend beats prior ATH soon, must assume we fail to do so

day trades since the new year are worth on average 11%. Hence the rapid rise.

But the fib has served as a guide to this week's price recovery, pretty eery

Here is how this optimistic trend continues until we retrace the prior high

trade smart, allow the current trend to dip

WILL REVISE


This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation

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