Bitcoin Liquid IndexUpdated Respecting the Fibonacci Circle - Transitions
This is the BLX chart
Consistently through 1 - 1.618 a down move can be witnessed as price crosses into the next fib ring.
This is cool because it shows the power these tools have over price, and the power of analysis.
Current price has broken to the upside
Very bullish for BTC however I still recommend ETH (a lot of smart people behind it)
Bet I guess.
Some more analyses for BLX
Consistently through 1 - 1.618 a down move can be witnessed as price crosses into the next fib ring.
This is cool because it shows the power these tools have over price, and the power of analysis.
Current price has broken to the upside
Very bullish for BTC however I still recommend ETH (a lot of smart people behind it)
Bet I guess.
Some more analyses for BLX
Note
breakout may act as a bulltrap, and continue the pattern of moving down along the fib rings.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.