Like2Move
Short

Potential return to 2400

BITFINEX:BTCUSD   Bitcoin / Dollar
609 4 17
Serious resistance in the zone at 2700 and the next attempt to overcome may be after the fall to 2400.
Kommentar: Overcoming 2730 resistance:
snapshot
Kommentar: Target reached, again bounce expected (may be):
snapshot
I am a follower of yours., I have a doubt as you calculate your targets, from fibonacci? Or any special condition?
Antworten
Like2Move m0n0lithic
@m0n0lithic, As you can see in these examples, the main calculation is 0,618 retrace. Second popular - 0,382 retrace. But in which direction the wave will move, it is necessary to analyze more conditions.
Antworten
Are you expecting a rise in price above the 2730 resistance?
Antworten
Like2Move ambrosia
@ambrosia, I'm expecting a drop.
+1 Antworten
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