Bitcoin Broke Down From 2.618
Bitcoin's next Fibonacci level is 3.618 times the A wave. Looks like it will tag that around the second quarter 2019.
Channels don't necessarily need the price to tag the support line all the time so the price could meet the median line and then take off to the upside.
As it stands right now the price should tag the 3.618 times wave A
- The other charts below are of the total market cap. Indicating the price is almost at the ascending support line and the price is around the consolidation around June 2017.
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So in ending........ Use critical thinking and think for yourself.
@trendwizard i think you are good in TA.
Do you trade leverage on BitMEX ??
No I don't trade leverage. I'll take a position in an option every now and then. Other than that I try to make only about 2 trades a year in something. Just swinging from trade to trade. It's really quite boring.