Btc Big Fibs

Btc candles are hugging this fib set up very tightly - I have another projection also which is linked beneath - The Dollar Index has broken out on the 4 hour chart and as Dollar strength rises the Anti Fiats like Btc and Gold will have the value sucked out of them - So i see a drop on the weekly candle to $36.5K area starting this Sunday - if support holds on the 200% fib and the Gann 3x1 ascending fib ray (in red) then a power up to the 261.80% fib is on the cards - Next week is possibly a good week to be sitting in cash as the charts will likely e choppy and dangerous - Good luck :)

Comment:

Nice wick on the new weekly - support held on the fib and the arc pair - Btc will likely stay in this range for the remainder of the week, it will need next weeks candle to touch the red 1X3 Gann fib ray which will be the new parabolic uptrend for the final push

Comment:

Support the 1x3 Gann fib ray, this will hold and we will continue up, however it will be a rocky week against the dollar