Bitcoin - The Median Line Versus The 61.8% Fibonacci

BTCUSD


Live Chart - https://www.tradingview.com/chart/rEjC9P52/


Greetings All

Bitcoin is in one heck of a bar room brawl at the moment.

To the downside its rejected the last 4 times at the median line of the downward sloping Andrews Pitchfork.

To the upside a candle has not closed below the 61.8% Fib retracement ( @35589 derived from the A pivot of the upward sloping Modified Schiff Pitchfork to the All time High Price )

The 2 zones meet together on 31 May. Between now and 31 May a close above the Median Line would be a step in the right direction. A close below the 61.8% level...well lets just say its not good!



till next time

FXcrypto



-Disclaimer: This is not a recommendation to buy and sell. For Educational Purposes only