Looking at the choppy legs up, the RSI shows it is overbought, retracement to around fib level of 0.3-0.5 or 6.3k is expected. although a final leg towards higher 6.7k might happen before the dump.
As for fib targets if we break 6.7k (1.6) resistance, there is 7.4k at 2.6 level or 7.8k at 3.6(lower possibility).
Tenkan is acting as support at 4H TF until it doesnt. kijun sitting at 6.3k or 0.3-0.5 retracement fib level as mentioned before.
Fib Guppy is tightening with 5 levels, a few more hours and it would be 7--which would indicate volatility depending on the candle close direction (either above or below guppy).
altcoins (highcaps) would be starting (if not yet) bleeding until Bitcoin retests 6.3k. No fomo needed as there will be a chance to re-enter for altcoiners soon.
Trade Safe,
@AresTrade
As for fib targets if we break 6.7k (1.6) resistance, there is 7.4k at 2.6 level or 7.8k at 3.6(lower possibility).
Tenkan is acting as support at 4H TF until it doesnt. kijun sitting at 6.3k or 0.3-0.5 retracement fib level as mentioned before.
Fib Guppy is tightening with 5 levels, a few more hours and it would be 7--which would indicate volatility depending on the candle close direction (either above or below guppy).
altcoins (highcaps) would be starting (if not yet) bleeding until Bitcoin retests 6.3k. No fomo needed as there will be a chance to re-enter for altcoiners soon.
Trade Safe,
@AresTrade
Comment:
The final leg towards higher 6.7k occurred. And retracement to 6.3k also was reached. if 6.3k holds--likely-- we will see 7.3-7.4k as predicted.
Comment:
as i tweeted on july 11th, i would consider a knife catching opportunity in 6k-6.1k region and that has officially occurred.
twitter.com/Arestrad.../1017104538925350913
next target: 6.9k-7.4k.
as i tweeted on july 11th, i would consider a knife catching opportunity in 6k-6.1k region and that has officially occurred.
twitter.com/Arestrad.../1017104538925350913
next target: 6.9k-7.4k.
Comment:
7.4k Target reached. Congrats to bulls.