Trend-Base Fib Extension Is A Magnificent Tool

Updated
Are you using the Trend-Base Fib Extension Tool to your trading advantage?

It simple and easy to use.

Empower your trades using this tool.

Happy Trading Everyone!

Ron

Check out the broader view of the Fibonacci Circle used in this chart:
Golden 61.8% Fibonacci Ratio Takes Us To $20.5K



Check out the potential short term outlook:
Thirsty Bullish Divergence
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Check out the broader view of the Fibonacci Circle used in this chart:
61.8% Golden Fibonacci Ratio At Work
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The 61.8% Fibonacci Level is holding up.
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Price is still ranging at the 61.8% Fibonacci level and Bitcoin has the potential to launch from this level. Accumulation phase is almost complete. Bullish signals are firing now.
LONG Bitcoin Warming Up For The Launch - Candles Chart Version

Bitcoin Warming Up For The Launch - Line Chart Version


Warning! Never dismiss the possibility of a break to the downside.
Warning! Watch out for the FU move.

Best strategy for any scenario:
1. Place a trailing stop loss.
2. Never trade before the breakout!

Happy Trading Everyone.

Ron
Comment
Price bounced off the 61.8% Fibonacci Level, and moving towards target of 161.8% Fibonacci Level.
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Price has met a strong resistance at 12K. Will price push up or drop? A drop to 10.8K will be a healthy move to bring in more buyers to push price up past the 112K and get this rocket higher up.
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Be Aware! Bitcoin is now in a Bearish Rising Wedge.
Bitcoin In A Rising Wedge
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The 61.8% Fibonacci Level has been re-tested. Time for a bounce and a bull run!!!!
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Update:
Bitcoin Horizontal Triangle Repeating Cycles
Chart PatternsTrend Analysis

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