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SasikumarMani

Bitcoin's Trend Changes after Reaching 0.5/0.6 Fibonacci Level

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Bitcoin (BITSTAMP:BTCUSD)  
SasikumarMani Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis BTCUSD btctrading btcupdate btcusdanalysis btctrend bitcoinprediction bitcoinpricetrendanalysis cryptomarket Contains image
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trendanalysis chartpattern waveanalysis btcusd btctrading btcupdate btcusdanalysis btctrend bitcoinprediction bitcoinpricetrendanalysis cryptomarket containsimage
BTC Trendline Breakout, so market may retrace to Fibonacci levels 0.5(63919) or 0.6(62196)...
After reaching these levels, BTC may either Bounce or change from Downtrend to Uptrend.

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Comment:
Reached 0.5 Fibonacci Retracement. Wait for a downtrend Breakout before taking a Long Position.
snapshot
Comment:
BTC Reached 0.618 Fibonacci Retracement level. Wait for Downtrend Breakout to take a Long position on BTC.

Refer to this image :
snapshot
Trade closed: target reached:
BTC Reached 0.618 Fibonacci Retracement level. Wait for Downtrend Breakout to take a Long position on BTC.

snapshot

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SasikumarMani
Down Trend start, Next Target is the Channel Bottom.
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