We have several major formations we cannot ignore.
Bitcoin formed a channel and already touch the top.
After a big pump - retrace is expected. Good news is that previous ATH @41500 is already broken. But where to search for retrace point?
Here comes fib levels. .681 level match previous resistance @41500. We have dynamic support/resistance from a long time ago. That support/resistance is very important! It react in key levels from a months.
Oscillators shows that bitcoin is too much overpriced now.
It seems we will have a bonus entry level soon.
Bitcoin formed a channel and already touch the top.
After a big pump - retrace is expected. Good news is that previous ATH @41500 is already broken. But where to search for retrace point?
Here comes fib levels. .681 level match previous resistance @41500. We have dynamic support/resistance from a long time ago. That support/resistance is very important! It react in key levels from a months.
Oscillators shows that bitcoin is too much overpriced now.
It seems we will have a bonus entry level soon.
Comment:
Here is dynamic support/resistance we might take care of.
Rising wedge is a bearish pattern. Some people are driving me crazy when predicting broke at opposite side of wedges.