BitCoin catch the falling knife
The uptrend diagonal resistance is broken and therefore expect continuation in down trend.
I suspect the older diagonal resistance to be the bottom, the Fibonacci retracements 50/61.8 is nearby, crossing each other.
Expect fast down movement after purple dashed resistance line
My entry:
I set my alarm above the Fibonacci 50% level and put my finger on the fire entry button :)
I suspect to reach the 61.8% maybe further and bounce up on the Fibonacci channel.
The rend is from BITSTAMP in EURO
I suspect the older diagonal resistance to be the bottom, the Fibonacci retracements 50/61.8 is nearby, crossing each other.
Expect fast down movement after purple dashed resistance line
My entry:
I set my alarm above the Fibonacci 50% level and put my finger on the fire entry button :)
I suspect to reach the 61.8% maybe further and bounce up on the Fibonacci channel.
The rend is from BITSTAMP in EURO
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