RE: Bitcoin (BTC) Morning Update: Will Retracement be 0.38 or 0.618 Fib Level?

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Bitcoin (BTC) Morning Update: Will Retracement be 0.38 or 0.618 Fib Level?

in bitcoin •  7 years ago 

@haejin, what does this statement mean, "Even if the correction completes now at the 0.38 level, the handle formation fits as would a decline towards the 0.618" --- does that mean we could bounce here at .38, or go to .618 - and its gonna be hard to predict either way? or possible to have a B wave up, then dip to .618?

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7 years ago by

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      ·  7 years ago 

    It means that the Cup and Handle is still valid even if the correction ends at the 0.38 level.

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