Bitcoin retracements

in trading •  6 years ago 

fibonacci.JPG

Range is getting to a minimum. Not too much time left to breakout

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Speculate a little further, how much time? No judgement just curious what you think for a timeline.

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Not an expert or anything like that, but I would point for weeks (less than a month).

Cool thanks, now I just have to set myself up to increase some coin counts on the way up 💪

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  ·  6 years ago (edited)

It really crazy all the repeating patterns in these cryptos. Very interesting to see the retracement levels keep hitting the 0.618 Fib level on the next leg down. There is certainly not too much time left before a big breakout.

In November, ICE, the company that owns the NYSE and 22 other global exchanges, will launch its Bakkt exchange for cryptos. Might this be the new that finally gets the bull back in this dead horse? My planned retirement from the auto industry depends on it:) I need to be able to move onto more meaningful businesses and the next level of freedom that comes with it...

  ·  6 years ago (edited)

You have just broken a triangle to the downside following the bearish trend line

Captura de pantalla 2018-10-07 a las 11.14.14 a.m..png

The price could go down to 6400 dollars

I agree that there is little space we should see a break in a few days

nice

yea crazy this consolidation. what direction do you think it will be fo ra breakout?

Bulls all over the place, even the stock market is already feeling a bullish sentiment. Let´s see when it will break out, until then, buy as much as you can :D