Hi guy's very simple confluence on Fibs.
We got rejected at the golden pocket at 14k region, then retraced to the golden picket of wave 1 of 5 up at 7k, the 45% pump we saw was wave 1 of 5 of the big 3rd wave leading into the Bitcoin halving.
Right now there is 3 scenarios, long stoploss at 8300, if we break this then the bearish scenario is real if we dont hold the 786 fib retracement and down to the deepest pits of hell we go.
Bullish scenarios are, Wave 3 goes to 25k or wave 3 goes to 16k, either one makes sense with the halving being just a few months away.
Very simple analysis.
Thanks
Please share your comments and idea.
We got rejected at the golden pocket at 14k region, then retraced to the golden picket of wave 1 of 5 up at 7k, the 45% pump we saw was wave 1 of 5 of the big 3rd wave leading into the Bitcoin halving.
Right now there is 3 scenarios, long stoploss at 8300, if we break this then the bearish scenario is real if we dont hold the 786 fib retracement and down to the deepest pits of hell we go.
Bullish scenarios are, Wave 3 goes to 25k or wave 3 goes to 16k, either one makes sense with the halving being just a few months away.
Very simple analysis.
Thanks
Please share your comments and idea.