Fibonacci

October 9, the ETH/USD pair is trading between the $160 demand zone and the $240 supply zone. There appears to be equality and indecision between buyers and sellers.

Bitcoin (BTC) is in a sideways move at the bottom. A break down at the bottom will mean further selling

Fibonacci levels are among the leading interesting theories of financial trading. A series of numbers where every number is the total of the two preceding numbers, help to answer a simple mathematical property where each one is defined as a total of the two preceding ones. The modest is the series 1, 1, 2, 3, 5, 8, 13, 21, 34, 55 etc., and of course is infinite. The sequence has been well experimented and approved for work.

Cryptocurrency has been trading higher for almost a week, prompting them to overcome and endure a latent inrush. The positive technical picture indicates that major support is near for all top three digital currencies hence triggering them to soar high.

Bitcoin has experienced days of tangled fluctuations since the commencing of this correction. However, the last few months have registered more downwards trend and less assaulting moves. To some people, this might be a significant indication that Bitcoin's correction is finished and that the price is refreshing before starting a fresh cycle.