Pretty tasty set-up, broke the range and broke the descending trend line
Hopefully with this BTC breakout we get some strength here where we can aim to break the fib levels even up to the 2.0
Fundamentally very strong coin, even boasting their own exchange now and brilliant APY opportunities
Here, I am using the logarithmic indicator which has actually provided good SR levels for price movement
We bounced from it almost to the dollar earlier today and the last bull run was capped by it perfectly
If this week closes below last weeks close of $57600 we confirm weekly bearish divergence on the RSI
I believe that could take us back to 40K to completely...
Stinker overnight - 1.5bn liquidations on Binance. Wow. 18.5% drop whereas previous correction was 28%
Could indicate further to go:
Reclaim of this 3.0 MACRO fib would print a higher high, and could provide support
BUT 0.618 fib and the downward trend line will be strong confluence of resistance
1W chart, if we don't close above last weeks candlestick high (line...