Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
makrospex
on 29/01/2020, 16:29:47 UTC
this level currently does have some impact on the way above because it's the 38.2% retracement from the ATH at $19666 (100%) down to 2018 AYL at $3122.3 (0%). it's the biggest picture if you zoom out and should have also the most importance.

https://i.imgur.com/uSIqyf2.png
(*) Bitstamp data timeframe 1w
As you all know, I know shit about TA. Is it good for us?

what I try to say is that it needs a lot more power to get through this level and then it will become a support afterwards hopefully.

EDIT: it is a big barrier on the way above just as the 50.0%, the 61.8% and the 78.6% level.

Fibonacci and the Golden Ratio

Exactly. That's what i was meaning earlier today, when i said i'd like to see more volume.