The 61.8% Fibonacci retracement is the the golden retracement. It is, after all, based on the Golden Ratio and this represented an amazing buy opportunity for Bitcoin.
Bounce on the 61.8 fib and candle got eaten alive leaving behind a nice long wick.
Ideal buys occured in green box.
Simple, clean, and efficient charting works best.
I am bullish on Bitcoin. We will see a $20K-$30K Bitcoin soon.
There will be lots more new money coming in.... trillion dollar crypto market cap will get cracked in Q1 2018.
I am however upset that Bitcoin is not what it once was.
Today's Bitcoin is SLOW and very costly to move around.
I do not prefer trading BTC pairs for this reason. You lose not only money, but time as well.
For all the haters and naysayers....
"Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of Bitcoin." - via @robertreidmd on Twitter (twitter.com/robertre...s/944208162630000641)
BTCUSD
Bitcoin will continue to shock the world and leave behind a bunch of people.
Do not forget that crypto is the first innovation that is not only a payments network but a "currency", or in other words, store of value as well. This will change the way we transact in the future. Mark my words.
Bounce on the 61.8 fib and candle got eaten alive leaving behind a nice long wick.
Ideal buys occured in green box.
Simple, clean, and efficient charting works best.
I am bullish on Bitcoin. We will see a $20K-$30K Bitcoin soon.
There will be lots more new money coming in.... trillion dollar crypto market cap will get cracked in Q1 2018.
I am however upset that Bitcoin is not what it once was.
Today's Bitcoin is SLOW and very costly to move around.
I do not prefer trading BTC pairs for this reason. You lose not only money, but time as well.
For all the haters and naysayers....
"Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of Bitcoin." - via @robertreidmd on Twitter (twitter.com/robertre...s/944208162630000641)
BTCUSD
Bitcoin will continue to shock the world and leave behind a bunch of people. Do not forget that crypto is the first innovation that is not only a payments network but a "currency", or in other words, store of value as well. This will change the way we transact in the future. Mark my words.