Bitcoin Fib Level Indicator warning,possible collapse to $1900

in bitcoin •  8 years ago  (edited)

bitfinex-btcusd-Jun-12-2017-24-34-5.png

Bollianger Bands opening up indicating further price drop.

RSI of 74 means overbought correction incoming.

around 2300 is correction level by fib 1900 after

Dangerous fib level @ 61.80% possible retractment level.

A lot of hashing power leaving network could mean further declines.

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It might be dump but I am sure it will be for a short period.

What's the source?

using charts from cryptowat.ch pulled the low to the high from the last year on the fib levels shows the level of 61% at $1900. 61% is the most common level in traditional currency markets.

added bollianger bands to see volume,bollinagers widening could indicate fall.

Interesting.. time will tell I guess.
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