Triple Three

23 Sep 2018

There is a possible triangle in the daily chart, which may possibly be of a complex Triple Three correction, which is apparently coming to an end. We observed a pattern of Fibonacci that has been repeating itself within this possible triangle in D1. It's retracing exactly 61.8% of each previous lower movement and also repeating in the extension, values between 50% and 61.8%. Analyzing by Fibonacci and RSI in the daily chart, we can see Bitcoin between 6900 and 7200, reaching these values, we can have a good region for a short position. With targets of 6250 to 6340. Confirming this move, we may have a jump to approximately 8800 to 9000.