Bitcoin: Lost Breath

Bitcoin lost its breath and while approaching the predicted swing level (Fib Time Extension #13 on an hourly chart), its price stages at exactly Fib 0.5 level confirming the symmetric triangle!

To illustrate better, a special fib retracement has been inserted right at the end of the triangle. The symmetric triangle has been 60% exhausted (see the vertical bars above the triangle), plus nearing the vertical line i.e. Fib Time Zone (13) prediction for a possible breakout.

Following couple of hours results in this chart!

https://invst.ly/6x5jn

Comments

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The price movement of BTC has several highs and lows. Timing the future is often unrealistic and many investors, who don't know math very well, stay away from a technical analysis. Often they totally ignore the power that such analysis may bring. Here is an example of BTC from Dec 2017 to March 2018. BTC is in fact following the golden ratio. If we would have known this before, we would be have been trading more effectively than we did in past. You can recreate such a map in your platform and then trace ahead the expected swings. I would advice to consider 5-10% error always due to news. As soon as this golden rule is broken like 15% error, you don't trade with this. While I am waiting for a breakout at 11.8, I thought to share this idea. Crypto Short

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