7
by uradello
Hi, I don't trade cryptocurrencies, but a friend of mine asked me about possible targets for BTCUSD, so I'm posting them here. Maybe they'll be useful to someone. In the first image, you can see the double support of 0.707 (the ratio of the square root of 2), coinciding with the 161.8% Fibonacci external retracement at about 90000
In the second image, you can see the 78.6% level, coinciding with the 138.2% level of the expansion at about 85500
At 88.6%, we have three levels: the 161.8% level of the expansion and the 200% level of the Fibonacci external retracement, at a price of around 80,400.