Bitcoin Fibonacci extension

by David

As we can see we have a text boom fib extension set up. The 2nd phase on the .618 was achieved indicating higher odds to reach our extension target.

Invalidation to this set up will happen if a daily candle is placed through the .618

September is a bearish month which is worth noting as this is quite a bullish set up.

If market moves sideways I will be looking to close this position.