Hello fellow traders!
Here I have a Fib from the low to high of the most recent run. Im mostly looking at around 20k holding as support and possibly jumping in for a potential short term rally.
Keep in mind, we are still in a bear market until we can have a WEEKLY candle close above 25k but this bearish divergence with the RSI unfolding will have to play out.
-If price can get above 25k and stay there, that would show a true shift in trend.
-The fib .618 is just showing where BTC has the most support and might reverse at these levels.
Keep a level head and as my teacher says, this isn't a race, its a marathon. We're in this for the long haul of crypto.
Here I have a Fib from the low to high of the most recent run. Im mostly looking at around 20k holding as support and possibly jumping in for a potential short term rally.
Keep in mind, we are still in a bear market until we can have a WEEKLY candle close above 25k but this bearish divergence with the RSI unfolding will have to play out.
-If price can get above 25k and stay there, that would show a true shift in trend.
-The fib .618 is just showing where BTC has the most support and might reverse at these levels.
Keep a level head and as my teacher says, this isn't a race, its a marathon. We're in this for the long haul of crypto.