BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
49 0
Trying to look at use cases for Fib and retracement over the last few days.
I've noticed regular investments every 6 hours or so - coming in burst of 3 then some consolidation before march onwards.
I tested out the Fib to understand how deep the retracements are - typically 38% from low start of move to high point.
Expecting a small drop to 11,212 before breaking through.
As with all trends - once spotted they typically do the opposite :))

Newbie so any recommendations or suggestions on Fib welcome

Comment: Looks like retracement is in effect now - just hit the mark.
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