Apple has retraced to the 61% Fibonacci zone and is now showing signs of a push higher. We may see a small dip back towards the 61.8 Fib zone, however, I'm almost positive Price will then push higher again towards the 1.61 Fib Extension zone around 171.00
Price is following the Fibonacci retracement perfectly and we should see a bounce once the 50% zone is breached. If price breaches the 61.8% zone, then price will probably continue down, however now that $100k is in sight, I feel the big investors will push back once they have squeezed the last of the sellers out.
Bitcoin to $100k
Price is continuing to fall and has yet to breach the 50% fib level. Once this zone is reached we are looking for a reversal and a huge push higher. Have faith. Bitcoin is now mainstream news and has far too much interest, not forgetting - There will only EVER be 21 MILLION BITCOINS, then that's it. The price will quickly become per Satoshi!
As per my post yesterday, ~Price has pushed lower, however, the buyers kept pulling the price back. This indicates there are still plenty of buyers and they are drawing the sellers out.
I feel we will see a further dip to squeeze out the last of the sellers before a push higher. I don't see the price dipping lower than the 0.618 Fib before the buyers jump back on...
Following a break, price moved below the 38% Fibonacci, Daily price has since pulled back the losses.
Looking at the daily chart, Price has used this candle formation in the past, followed by a push higher.
If the pattern is duplicated, the Price will push higher, followed by a retracement and a further push higher. Eventually peaking at $100k before pulling...
As you can see from the daily chart, Price is respecting the Fibonacci Extensions and Retracement. The way to $100k is now clear and I would say it will happen quite soon. #bitcoin #btcusd #bitcointrading #tothemoon