Scenario A (red arrow): Retest the 0.5 Fib, local support and the 100 Day. If that support breaks, next one is around 200 day meeting the 0.38 fib (reb box).
If this happens, i hope it will be bitcoins last bounce before blast off.
Scenario B (green arrow): test strong resistance around 0.6 fib. a day closing within the green area would be very nice with potential to test the next resistance.
Scenario C (blue box): find support around the 100 day the .5 and just chill for a few days.
If this happens, i hope it will be bitcoins last bounce before blast off.
Scenario B (green arrow): test strong resistance around 0.6 fib. a day closing within the green area would be very nice with potential to test the next resistance.
Scenario C (blue box): find support around the 100 day the .5 and just chill for a few days.
Comment:
i like to sometimes go through my old ideas and see how theyre doing.
very cool how these retracements acted as supports and resistances.
Obviously, other factors were also impacting the moves but you couldve still made some pretty nice trades from watching these levels.
very cool how these retracements acted as supports and resistances.
Obviously, other factors were also impacting the moves but you couldve still made some pretty nice trades from watching these levels.
Stay in red box-> sideways accumulation
Bounce up towards .5 fib
And the one im most hopeful for, the fud continues, longer term channel, .382 fib and 200 day dont hold. we end up falling to 6800 and lower but thats too hopeful