Here is my review in search of finding the BTC bottom. Hopefully, you will find the hidden answers after reading my post. Verdict Whenever there is a crash, there are two supported levels that I use: Fibonacci Level 0.786 / 78.6% relative to maximum low i.e. either $0 or $1 or around that. This level is theoretical in cryptocurrency i.e. 0.889 / 89%. ------------------------------------------------- Bitcoin A very important question in the current descending market trend of Bitcoin, which is trading around 6900 at the time of writing this article. To understand this, one has to know two fundamental levels in BTC crash: 1. What is the maximum level that BTC can be re-traced? 2. What is the maximum decline level that BTC has seen so far relative to the first question? To answer these, one has to stay away from relative price levels. For instance, if I consider September (2017) price as a bottom assuming it will never be breached in future, I will always be wrong si...
Bitcoin Technical Analysis