1k price bounce from fib channel line to overhead fib retrace.
Spent some time with fibs and all time price history today just to see what I could find. Looks like btc bounced from the 0.236 channel like to hit the above fib retracement line.
As much as I dislike fibs, big things do like to happen around them.
Just wanted to share something I thought was interesting, as everyone seemed pretty sure it was going to break down into oblivion from endless bear flags to 4k.
What conclusions can be taken from this going into the future, I don't really know.
Watch for a breakout above the overhead fib retracement line I guess.
As much as I dislike fibs, big things do like to happen around them.
Just wanted to share something I thought was interesting, as everyone seemed pretty sure it was going to break down into oblivion from endless bear flags to 4k.
What conclusions can be taken from this going into the future, I don't really know.
Watch for a breakout above the overhead fib retracement line I guess.