EuroMotif

BTCUSD to bottom at 4955 ? Bitcoin to return to ''Root'' Fib?

COINBASE:BTCUSD   Bitcoin
This is the ''Root'' fib of Bitcoin on the weekly chart.
Every extension of this fib has proven itself.
Current price is between fibs, looking to hit the next one.

Considering Fib numbers, the 5k price point was not tested previously.
If it had been tested before the bubble run, then it might have had some staying power.
But Fib dont lie, and '5' is a critical fib number that needs test/confirm IMO .

BTW: I did buy some in the 5300-5200 range per this plan, currently with Stop Loss at Break Even: (hit play TWICE). Maybe 5200 WAS the bottom, but the lack of volume and amplitude on the bounce is perhaps sign that it was not the bottom yet.

Lets see how this plays out.




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