Bitcoin: Fibonacci buyers power estimation

29 Kas 2018

Buyers were used to try rallying Bitcoin to the natural 382 level after an important dip and a massive quick sell.
Let us see if buyers are still reproducing this 382 retest, if they are stronger (goes above 382) or weaker (cannot reach 382).





This is a way to check how powerful the buyers are after this very important sell off (that could have been the capitulation, who knows), if they are willing to retry giving a chance to this asset now after such a dip, or not.

29 Kas 2018

Not

Let's see how this local ascending triangle evolves

29 Kas 2018

Not

Already broken, still unstable and possibly very weak.

1 Şub 2019

Not

blocked by 786, much weaker than expected
bulls seem absent
maybe they are about to retry, but this is unlikely