why 0,61 fib level matters

21 dic 2017

I continue to consider BTCs behaviour at the fib 0.61 resistance zone around 14.000 - 14.200 as highly relevant for further assessment of the dynamics ahead, as a slump below that level may indicate we're falling back to an earlier trend line with less aggressive growth rates.
However, the overall picture remains bullish, even though we may not see another a-t-h this year once we slip below the 14.000 level.