If it doesn't find support at $ 45, which is the 50 percent Fibonacci
retracement of the pullback from $ 32.681 to $ 57.729, it is likely to fall to $ 42 and after that to $ 38 levels.
Not exact matches
They're buying toward the bottom end
of the range
of the past 4 months ($ 1303 - $ 1366), looking for at least a
pullback to at least $ 1337 — the 50 %
retracement level from the 4/11 $ 1365 high to today's $ 1310 low.
As explained in the video, the key point in buying the
pullback of a stock that has already broken out is to look for a
retracement to the 10 - day moving average, then buy the first move above that that day's high.
At the time
of this article, BTC - USD is sitting just at $ 3900 and is showing signs
of further
pullback: Figure 1: BTC - USD, 12 - Hour Candles, GDAX, Macro Fibonacci
Retracement ValuesThe figure above shows the whole, macro bull run from the $ 1700s.
2/13/15 Continued Upward Price Action 2/6/15 Continued Consolidation in the Uptrend 1/30/15 Consolidation with a Chance
of Pullback in the Uptrend 1/23/15 Consolidation in the Uptrend 1/16/15 Consolidation in the Uptrend with a Risk
of Pullback 1/9/15 Broad Consolidation in the Uptrend 1/2/15 Possible
Pullback in the Uptrend 12/26/14 Continued Upward Price Action with Possible Consolidation 12/19/14 Continued Uptrend 12/12/14 Continued Downward Price Action in the Broad Uptrend 12/5/14 Uptrend Continues 11/28/14 Short Term Consolidation or
Retracement Possible in the Uptrend 11/21/14 Possible Short Term
Pullback in the Uptrend 11/14/14 Continued Upward Price Action 11/7/14 Continued Uptrend 10/31/14 Continued Upward Price Action 10/24/14 Short Term Upside Continues in Long Term Uptrend 10/17/14 Possible Reversal
of the Short Term Downtrend 10/10/14 Long Term Uptrend in Jeopardy, Downside Bias 10/3/14 Cautious Short Term Reversal Higher in Long Term Uptrend 9/25/14
Pullback Continues in Uptrend 9/18/14 Consolidation with an Upward Bias, in the Uptrend 9/12/14 Consolidation with a Chance
of Pullback in the Uptrend 9/5/14 Consolidation Short Term with an Upward Bias 8/29/14 Uptrend Continues with Possible Consolidation 8/22/14 Possible Consolidation in the Uptrend
The strength
of the
pullback down is
of course judged with respect to the previous spike (for e.g.
retracement %), and other factors like number
of bear trend bars and number
of consecutive bearish bars.
Presently, the digital currency is in a
pullback, having reached close to the 50 percent Fibonacci
retracement levels
of the fall from $ 2,800 to $ 854.3135.
A
pullback to bottom
of the channel could be due and the Fibonacci
retracement levels indicate the next potential support zones.
If the digital currency breaks below $ 240, it is likely to fall to $ 223 levels, which is the 78.6 percent Fibonacci
retracement level
of the
pullback from $ 200.15 to $ 310.7.