Both goals, 0.0054 and just below 0.006 are achieved. The red arrow above the candle represents a 1-4 candle correction (MRI indicator from Tone Vays)
On the chart you can find another red arrow above the candle after the last swing high around 0.0045. After that there was a 1-2 candle correction, then the rise, and then bitcoin decided that all the coins should fall.
Attention - there may not be a correction.
But if it does, the possible entry point is around 0.5 Fibonacci. It's about 0.0045.
Disclamer: all decisions are your own.
On the chart you can find another red arrow above the candle after the last swing high around 0.0045. After that there was a 1-2 candle correction, then the rise, and then bitcoin decided that all the coins should fall.
Attention - there may not be a correction.
But if it does, the possible entry point is around 0.5 Fibonacci. It's about 0.0045.
Disclamer: all decisions are your own.
Comment:
I'm thinking of entering around 0.005+
Comment:
Maybe the reversal has already occurred around 0.006 - there are two candles with nice bounces on the hourly chart. Perhaps there will be a retest of 0.0062. I put OCO on the bottom and at 0.00686.
The rise from the last swing low (0.003) to 0.008 was almost 0.005 (158%) in 4 days.