Current Fib trading range...cha think?

Jan 29, 2018

Based on the peak that BTC/USD has recently fallen from on 1-29 00:00 and the bottom at 1-29 11:30 BTC/USD seems to be trading in a Fibonacci range based on those end points. It's been tested a few times in the past few hours, and has only broken the lines when heavy momentum has dragged it kicking and screaming, then only to pull back. I'll be waiting for it to lower to one of the Fib points as support with a low RSI and hopefully a good MACD indication and will be buying for a short run up to the next fib bar....Unless of course it breaks out downward. Then we start again