62% Fibonacci Retracement Trend
As you can see in the chart BTC has done a 62% retracement from each subsequent high and low including the high in december. This is done drawing from the high to where it dropped to as the bottom from which the next subsequent rally would start from. Each rally and fall has followed this pattern.
Credit to Allessio Rastani on youtube for showing this.
You can see his video here:
youtube.com/watch?v=9jHQpVPyxJw
I will be doing another idea right after this showing an interesting twist on this pattern that could be an indicator of something in the future.
(Save 10% on fees at Bitmex if you use this referral link:
bitmex.com/register/GprETf)
Please like, comment, and follow!
Thanks,
Chris
Credit to Allessio Rastani on youtube for showing this.
You can see his video here:
youtube.com/watch?v=9jHQpVPyxJw
I will be doing another idea right after this showing an interesting twist on this pattern that could be an indicator of something in the future.
(Save 10% on fees at Bitmex if you use this referral link:
bitmex.com/register/GprETf)
Please like, comment, and follow!
Thanks,
Chris
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