WadeYendall

40% pull back a reasonable possibility

BITFINEX:BTCUSD   Bitcoin
BTCUSD is within striking distance of the 1.618 extension inversion as measured from the Dec 2017 high to Dec 18 low. A modest fib pull back to the .236 would give us 40% decline. The measurement lines up nicely with the ascending long term trend line on this log chart. I am extremely bullish on Bitcoin, but its good to keep in mind the ridiculous percentage range BTC has. So in short we may see 30/35k again before we see 100k.

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.