That bottom at 13,000 probably gave us a Bear Signal, after that BTC recovered to around 16,500?
My question is that recovery to 16,500 is a BEAR TRAP, maybe!
cscarpa
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@dgerman104 in my opinion it didn't really bottom out, it just corrected to some crucial support levels and bouced well off, which had to occur naturally at some point after the last bullrun..
CBTbitcoin
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Can you explain how you add the horizontal fibonacci zones to a noob? :) Thanks a lot!
cscarpa
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@CBTbitcoin use the toolbox on the left side of the screen, click the 3rd icon (pitchfork) and choose "fib retracement" in the submenu
My question is that recovery to 16,500 is a BEAR TRAP, maybe!