RE: The Volatility dried out

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The Volatility dried out

in cryptocurrency •  7 years ago 

Here we are. And BTC still f*in' heavy. To break or not to break ?

cryptocurrency
7 years ago by

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      ·  7 years ago 

    So we've hit the 34 week WMA targets. Yet to break $9,000 big even. But volume and action signals weak support (no significant rush back in or strong bounce). Seems to me lower lows will be tested... Any insights @srezz what the next train stop is?

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        ·  7 years ago 

      We would need to consolidate today's losses. Then the next stop is $7660 +/- $50 depending on the data feed.

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          ·  7 years ago 

        Hey @srezz , which support level indicates 7660?

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            ·  7 years ago (edited)

          It's the 0.618 Fibonacci retracement level of the the entire move from the low on the 11th of Jan. 2015 to the all time high on the 17th of December 2017 ( from $163 to $19704 in my data feed).

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              ·  7 years ago 

            Thanks :)

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