#BTC – Fibonacci Levels – Support and Resistance

#bitcoin still continues sideways with more downward trending and still shows no signs of breakout to upside.
Volatility of falling down (red candle) is stronger and faster than upward (green candle), bearish , as buyers aren’t enough to pull it up strongly.
– From the chart, such pattern suggests downward probability > upward probability. There’s more uncertainty over China miners who’re dumping their machines and bitcoins , could continue to sell their bitcoins .

PS: Correction is tricky, nothing suggests upside bull pattern yet. I’m long #BTC but will not add unless the correction is over.

~Happy Trading.