BTC is selling off a local top here. Is this the end? Just a dip? Who cares! Make money while the market decides. I see a lot of people use fib retracements literally anywhere and everywhere. But this instance is a perfect example of when fibs can be useful buy and sell zones. What will occur over the next few weeks is the reduction of volatility in bitcoin. Price will randomly sway up and down testing lower highs and higher lows. As this occurs a relatively probable (over 50% chance) correlation with fib retracement zones is obeyed.
DISCLAIMER: These buy and sell zones are not guaranteed and should not be taken with high leverage or high float.
DISCLAIMER: These buy and sell zones are not guaranteed and should not be taken with high leverage or high float.