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RE: Bitcoin Has Not Yet Fundamentally Recovered At This Time – A Mathematical Case

in #bitcoin7 years ago

Very intresting method, but if you apply fibonacci on btc chart, below $7787 is unlikely to happen (retracement level of 61.8%)

Fibo measures the emotional reaction of traders better than all other tech analysis, so i always combine it with other indexes for btc, since the btc traders are very excited in their positions!