Gandalf123

Another Fib line approaching - good time to sell

Short
BITFINEX:BTCUSD   Bitcoin
Every time fib lines have approached so far, it's been a good time to sell. The magnitude of drop seems to be at the 0.236 line in each instance, compared to a lower level of support. If the pattern continues, it will go to 5778. I think it will go lower, but that's what THIS pattern suggests. I expect some FUD to come about in the news to take the "blame" for this latest drop.
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.