On the Fibonacci #Bitcoin broke the 38.2 and is incoming to the 50% line.
History shows that $BTC likes the .5 line a lot.
Will it be the sweet buy zone once again?
Bitcoin are in up trend, since bitfinex have lightning network, i expect more whales get interst in btc.
Bitcoin have test already the first breakout, the next one coming as expect.
before the first breakout did happend today, i did add yesterday about it.
Support and resistance are identified
The green areas are Target
Blue areas are important and strong
Time range specified
The price is within the pattern
BTC did exactly as my analysis predicted - we have traced the right side of the H&S and will need to go a bit lower before the current pattern is done.
Many if you probably bought some BTC between 9500 and 9600 - its been banding between these prices for a large part of the pattern. This is not a bad long position price.
If you have been patiently waiting for...
I noticed today nobody has been charting the BTC/CAD pair regularly.
The problem with the BTC/CAD pair is that it doesnt "convert" perfectly from USD to CAD and depending on the exchange you are using you might experience volume problems when buying or selling.
That being said we are looking at a play of about $1000 CAD. BTC is set to slide to around the...
