{"id":137366,"date":"2018-11-16T09:45:33","date_gmt":"2018-11-16T14:45:33","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137366"},"modified":"2018-11-16T06:51:35","modified_gmt":"2018-11-16T11:51:35","slug":"fibonacci-retracements-analysis-16-11-2018-bitcoin-ethereum","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/fibonacci-retracements-analysis-16-11-2018-bitcoin-ethereum\/","title":{"rendered":"Fibonacci Retracements Analysis 16.11.2018 (BITCOIN, ETHEREUM)"},"content":{"rendered":"
November 16, 2018<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

BTCUSD, \u201cBitcoin vs US Dollar\u201d<\/strong><\/p>\n

As we can see in the H4 chart, the quick descending impulse continued the long-term downtrend; the impulse has broken the previous low and the post-correctional extension area between the retracements of 138.2% and 161.8%. The next target may be the retracement of 261.8% at 4944.00. The local pullback may reach 5818.00.<\/p>\n

\"BTCUSD1\"
\n\"Risk<\/p>\n

As we can see in the H1 chart, the convergence made the pair reverse and start a new correctional uptrend, which has already reached the retracement of 38.2%. The next upside target may be the retracements of 50.0% and 61.8% at 5771.00 and 5875.00 respectively.<\/p>\n

\"BTCUSD2\"
\n\"Risk<\/p>\n

ETHUSD, \u201cEthereum vs. US Dollar\u201d<\/strong><\/p>\n

As we can see in the H4 chart, after breaking the key low, ETHUSD continued trading downwards to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 169.60 and 160.50 respectively. The resistance level is at 184.38.<\/p>

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<\/div>\n

\"ETHUSD1\"
\n\"Risk<\/p>\n

In the H1 chart, the pair is trading inside the correctional uptrend. The upside targets may be the retracements of 38.2%, 50.0%, and 61.8% at 181.25, 186.25, and 191.08 respectively.<\/p>\n

\"ETHUSD2\"
\n\"Risk<\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com BTCUSD, \u201cBitcoin vs US Dollar\u201d As we can see in the H4 chart, the quick descending impulse continued the long-term downtrend; the impulse has broken the previous low and the post-correctional extension area between the retracements of 138.2% and 161.8%. The next target may be the retracement of 261.8% at 4944.00. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-137366","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=137366"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137366\/revisions"}],"predecessor-version":[{"id":137367,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137366\/revisions\/137367"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}