BITCOIN touched $6178- Let's check what happened!

in bitcoin •  3 years ago  (edited)

In less than 20 minutes bitcoin went down to the 6178 on Bitstamp, almost 2K low from the high of 8390...

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So I set that low as my 0.618 fib level from the high of 8390 and I found the last support at 5576 which is the zone of a lot of support...

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If we break that support, which I think we will, then the next support would be at this levels which is where I would start buying back some... ideally at 3653...

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but I still have my other fib positions open ...

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