The 0.618 of the fib speed resistance fan is huge support for BTC. A bounce from this price area would also be a double-bottom at the .382 of the trend-based fib extension.
If it bounces here, Bitcoin will retest the 0.618 of the trend-based fib extension.
The blue line is just my guesstimate based on the fibs, trendlines, and current positive momentum towards Bitcoin. More whales are joining the club every day while the number of Bitcoin in circulation very slowly increases, drawing closer to its max supply.
Not advice. Happy trading!
If it bounces here, Bitcoin will retest the 0.618 of the trend-based fib extension.
The blue line is just my guesstimate based on the fibs, trendlines, and current positive momentum towards Bitcoin. More whales are joining the club every day while the number of Bitcoin in circulation very slowly increases, drawing closer to its max supply.
Not advice. Happy trading!