chami2703

BTCUSD Is 70% Price Dip in BTC general characteristic ?

BITFINEX:BTCUSD   Bitcoin / Dollar
Hi traders,
I have done here small research. I took several heavy BTC             historical price dips and drew Fib. to find out the strongness of them. The result is awesome, All of the sample dips here shows 70% price dip or around it. This time we are at 70% fib level as well. Are we in the recovery zone? Your comments are highly accepted.
Kommentar: Yes 70% drop factor is correct.!!!!
Kommentar: Price Action to Monitor near a reveals.
only time will tell, but this, and the 200 DMA average support which hasnt been broken yet, but still tested, are the only things that hold me from selling right now
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@AlexRex, Let's monitor 200DMA
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Fiyi77 AlexRex
@AlexRex, hi at what level do we break the 200DMA. I entered in late and should have kept a stop loss but I did not. At this point I think I need to exit before any lower.
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@Fiyi77, Always trade with Stop Loss bro.
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Fiyi77 chami2703
@chami2703, oh trust me. I learned that the hard way. Now i just want to get out before a lower move. What is the level i should be looking at to confirm a further decline. I bought in at 15k fyi
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@Fiyi77, it is up to your ability to hold bro. you have to decide it with your own parameter inputs.
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Fiyi77 chami2703
@chami2703, ok thanks.
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AlexRex Fiyi77
@Fiyi77, on bitfinex the 200 DMA is $7887, which is currently being tested, again....
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Fiyi77 AlexRex
@AlexRex, thanks
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Looks good to me!!!!
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