Fibonacci 
![leonardo-fibonacci-1-620x350.jpg](https://steemitimages.com/DQmZJCqzewnGjGHMepfjb3st1gKD6F67FjvTB5WoE1kdH2G/leonardo-fibonacci-1-620x350.jpg)

How can this Italian genius help with an entering position on Bitcoin????

Trend Analysis....  One great tool to use and one that I learned very early was Fibonacci Re-tracement lines for looking at entering positions.

What is retracement?
Simply put... it uses Fibonacci number sequence and looks at the probability that a stock...crypto...will retrace to a certain level after a run up ...or down...

BTC chart
![Screen Shot 2018-03-26 at 9.55.02 AM.png](https://steemitimages.com/DQmSwu3SK5u5CRkKhAwWd5JEx9HG1qkFFbwVhvY3RWTW64c/Screen%20Shot%202018-03-26%20at%209.55.02%20AM.png)

You can see that BTCs progress has followed the retracement lines to a T...
after the run up from the low Feb 6th to Feb 20th... BTC retraced back to the .38 retracement level and held.
Then it advanced again to the previuos high and retraced again through the .38 stopping at the .5 then extending to the area we find now at .61...  Will we push through to the lower area of .78....possibly...
For me that are would be a good entry but other TA will lead to that as well.

TA has gotten a bad rap and with the wild swings and HFT bots flowing wildly it needs to be only one thing we look at when investing in BTC...

Here is a great in depth video from DataDash  that explains retracement well!
https://www.youtube.com/watch?v=LznyjkxqrDc&t=394s



For me I am looking at what BTC and Blockchain will do for the world as a whole. 
Sure I want profit...
But I am long for more than profit....
I am long for change....

Only my opinions here. Please do not take them as financial advice.

Everything is MATH.....  "Without math it's just stamp collecting in the end" 
![fibs.jpg](https://steemitimages.com/DQmYv3fZkm6kt5tGju2xnzXPai21ftRCn8b3NdrzkPDFKHY/fibs.jpg)


CRYPTO: Let's go to work!