BTC Finds support at 0.382 fib line from rally since 2015?

15 Mar 2018

BTCUSD bounced off the 0.382 retracement line that I don’t see on nearly any charts – the one from the continuous rally from the weekly/monthly chart since 2015. It then proceeded to break its downward channel.

There’s been RSI divergence and declining sell volume leading to this point.

I don’t really know what the target should be if this is indeed the local minima. 0.382 retracement line since double top peak is 8126. 0.5 is 8780.



I’m a really new amateur to this so you should definitely not take it as financial advice – but I’d like any feedback I can get.

15 Mar 2018

Not

All of 10 min later: HOLY SHIT!?