Potential Fib Retracements For BTC/USD Practice chart
Not sure If I took the bottom of the impulse to the top properly, or if this should even be applied at the 4 hour chart.
From what I have read from news, other posters, and the current price action this is where I think we are going.
.5 Fib likely will hold in my opinion. if not, .618 should be a quick bounce.
RSI suggests more room too fall before finding the floor, just not sure which level it will be. Only time will tell!
This is clearly not advice, I am a hobby trader. This is for my own enjoyment and reference.
Dont be shy to critique.
From what I have read from news, other posters, and the current price action this is where I think we are going.
.5 Fib likely will hold in my opinion. if not, .618 should be a quick bounce.
RSI suggests more room too fall before finding the floor, just not sure which level it will be. Only time will tell!
This is clearly not advice, I am a hobby trader. This is for my own enjoyment and reference.
Dont be shy to critique.
Note
almost a touch to the .5 fibreversal possible between .5 and .618
dont think we will touch .618 level
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.