BITCOIN 50% FIB FRACTAL | ACCUMULATION UNDER 50% FIB - $7400

업데이트됨
2015
스냅샷
  • 50% Fibonacci Level held as a pivot as price traded under it whilst testing it
  • 50% Fibonacci was re-tested upon breakout
  • Capitulation was -65%
  • Capitulation wick was -22% below the close
  • Price simply traded sideways within a range



2020 vs 2015 Similarities
스냅샷
  • 50% Fibonacci Level being tested as of now and this is a key pivot zone
  • Capitulation was -62% which is similar to -65% of 2015
  • Capitulation wick was -26% below the close which is similar to -22% of 2015

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Summary of Both Charts:
  • Big Capitulation
  • Initial Retracement
  • Sideways Accumulation Between Low & Retracement Level


VERDICT: Bitcoin to remain under $7400 and trade sideways for a few months, bouncing between $3800 and $7400

노트
스냅샷
accumulationBitcoin (Cryptocurrency)Chart PatternsCryptocurrencydistributionretracementsidewaysTrend Analysis

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