BTC and Fibs

9 mar 2022

That was a nice pump. Like I've been saying, I won't get excited until it breaks and stays above the 0.618 Fib. It has reached it 4 times but unable to stay above it. Nasdaq futures is up a whopping 2.5%. So no surprise BTC is also. The top of daily cloud is current resistance. Selling/shorting the 0.618 and buying/longing the 0.786 Fib would have been a good strategy. Although past performance doesn't guarantee future.