BTCUSD (D): Fibo Bottom and Retracements (Fibo 0 > 23 > 38)

Feb 6, 2018

people ask where is the bottom? currently i see the fibo 0 at 5,870 (max. down). that would also be ma 300. then the next question arises, where are the retracements. maybe at fibo 38. that would be 10,900.

this is a short update chart. I will continue to follow my other charts. this is all about analysing where the bottom is and the next retracements. my long-term view is unaffected.

My upcoming charts will be more based on btc, so that those who have held btc will find the coins that increase faster than btc after the correction.

Possible retracements:
Fibo 0 = 5,780
Fibo 23 = 8,948
Fibo 38 = 10,909
Fibo 62 = 14,078
Fibo 78 = 16,333

Let's see what happens. Happy trading. :-)

See also:

https://www.tradingview.com/chart/BTCUSD/lT8PVjE1-BTCUSD-12h-Fourth-idea-of-a-trend-line-Nr-4-of-a-series/

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https://www.tradingview.com/chart/BTCUSDT/ielRpUdO-BTCUSD-12h-Second-idea-of-a-trend-line-Nr-2-of-a-series/

https://www.tradingview.com/chart/BTCUSDT/kXF7A0aL-BTCUSD-12h-First-idea-of-a-trend-line-new-chart-series/

Feb 6, 2018

Note

News: reuters.com/article/us-global-bitcoin-congress/senate-spotlights-virtual-currencies-as-bitcoin-price-swings-idUSKBN1FQ0KU

Feb 6, 2018

Note

in addition ... The current news could give fresh boost to the anonymous currencies like ZCash, Monero, Dash ...

Feb 6, 2018

Note

one more info-link. in short: has been so expected. banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission