CME Bitcoin Futures Retrace 2019

2019년 2월 20일

Building on previous chart. Fibonacci downswing retrace is now 78.6%, for the 2019 descending triangle.

• Each orange vertical line, shows a CME date that was preceded by a bounce
  
• The price then drops all the way back down to test the lower trendline
  

2019년 2월 24일

노트

The size of the spike in CME volume may have caused the price to overshoot the triangle slightly.
After a double top in the 4100 to 4200 area, I would expect some pullback.

2019년 2월 28일

노트

After wicking to the 3900 area, we should start moving down now to the lower trendline.

2019년 3월 9일

노트

The retraces seems to be currently 90% and 78.6%: