Bitcoin Weekly Important Support Levels | Fib. 0.786 ($5,441)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Today's drop makes it clear that Bitcoin ( BTCUSD ) is going to retrace as we were expecting... But how much lower can it go?

Let's take a look at Fibonacci proportions for answers...

Bitcoin reached a peak in late June completing a move that started back February 2019... As it moved lower, it found at the 0.382 Fib. retracement level from the last bullish wave. Here we saw a bounce and consolidation that lasted for almost three months. With this level (~$9700 on average) holding the price.

This level has been broken and Bitcoin is now moving lower. First stop was 0.5 Fib (~$8,500).

Next is EMA50 or ~$7,900 as mentioned in my previous updated. If this level fails, then the next Fib. support that follows is $7,242, which is the 0.618 Fib. from the last bullish wave.

This move is still developing, but the momentum has now shifted completely towards the bears... We have been warning for weeks...

Feel free to leave a comment if you have anything to share...

Thanks a lot for reading.

Sep 25

When you learn to trust, in yourself and in your heart, the common meaning of the feeling of grieve disappears... It becomes a moment.

In this life, I had a vision, a vision of who I was.

Normally, while sharing this vision, I got distracted... Some people were not sure of who I was.

I continued living and growing as known by my Soul.

But as I share my story, all types of feelings are being expressed... Some of my friends might think that I am lost...

Let me tell you that the path is already secured.
The vision always is/was 1,000% clear and exactly what I want.

As I got distracted and entertained by other peoples doubts, they became my own...
Humble entertainment entertaining outside doubts but I never forget my goals.

At this one moment I am really suffering, people are looking like its the end of the world.

It might look like it, but deep inside there is fire burning and lighting up my Soul.

It is not pain that I am feeling, I am enjoying this moment to the fullest while sharing it with you all.

At the end of the path, I will be reunited with the Heavenly Father and the ultimate Creator of all of us...

I feel blessed to be able to share my story...

I truly appreciate your support...

Ahhhh, right!!! ...
That's what I wanted to say from the beginning...


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May you be well, may you be happy, may you be free of worries
+1 Reply
@e.fu, Thanks a lot!
Since it's not going to disappear (BTC) then we can all agree that this will not be a forever downhill. The good thing with Crypto is that you can't loose your investment so easily. I will wait for a little more drop, then I will buy and wait as usual ;)
+3 Reply
@Andreasch, Thanks for sharing.
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