Reason why we should buy @ 7700 support level.
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2013 As BTC $2.25 move to $260. Using the 0% to 127.2% level. Price retrace to the 23.6% then move to the 78.6% level then retrace to the 38.2% level then move to the 61.8% then retrace the 50% level before take off to make higher highs. Will history repeat itself?
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2014 as BTC $2.25 move to $1162. Using the 0% to 127.2% level. Price retrace to the 50%% then move to the 78.6% level then retrace to the 23.6% level then move to the 78.6% then retrace the 50% level before take off to make higher highs. Will history repeat itself again? The 50.0% Fibonacci level
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Now let look at the 2017/2018 chart. As price BTC $2.25 move to $19690. Using the 0% to 127.2% level. Price retrace to the 38.2% then move to the 78.6% level then retrace to the 23.6% level then move to the 78.6% . Will history repeat itself again? The 50.0% (7700)Fibonacci level. Is that the real support level before making all time higher highs? Yes! im talking about 25000+ Will history repeat itself again? Are the big players waiting for that level?
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Okay, so we are close to the support we been waiting for. I would said 8000/7700. Then we will make an all time high. As I explained early on why this would play out. History repeat itself. The 50% Fibonacci retracement. Then move to the possible 127% or the 161%. People are are in panic mode. Well you shouldn’t. Looking at the weekly chart and trade with the weekly chart. Traders should know price will retrace after a bull run.
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We are in @ 7700. Good luck
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We add more at the 9700
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Target 11500 and looking for a retracement