stikytrading

Bitcoin's Beautiful Move back to the 78.6 zone

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BITSTAMP:BTCUSD   Bitcoin
So BTC has decided to let me get one more entry under 50k thank you very much. Did a partial entry just below the 50k strong level (whole number, Fib level) and am waiting to see if price will make it all the way down to 47k or lower. 43k is a possibility but I don't want to be greedy. Can't wait for a couple weeks or so when it's back at 60 or 65k!! Rollercoaster (remember that song from the 70s). Support and Resistance and the 78.6% fib levels are from the daily chart. All the little fibs and zones on this chart in the current move are from the 15 min chart. Which for BTC is like a 1 min chart in Forex.

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