A small correction had to be. Actually I'm impressed that it only dropped to the first Fibo support level. It indeed looks like further
retracement will be met with fierce bullishness.
I think we'll hold that support at 620-630 and go sideways a bit, then the climb towards 700+ will be resumed.
retracement will be met with fierce bullishness.
I think we'll hold that support at 620-630 and go sideways a bit, then the climb towards 700+ will be resumed.
Interesting how it matches with some predictions aiming for a price stall around 650 before the real rally begins. Im quite newbie regarding fibo levels, but very interested to learn how to project it. What data are you using to trace the fibos? The november ATH and the 2 aprils dip?
If someone can link a minitutorial to draw the fibos, lets say in bitcoinwisdom, will be much appreciated
