as seen in previous ideas , we couldnt break above 12.5k , and are now starting to come down.
Breaking through that massive big white fibonacci circle signals for major direction changes.
in the past boucing on that big white circle , sent us from 9000 to 12000
now after fake breakout to nearly 12.5k , we continue to follow the circle on the way down
While people are thinking that we are going to the moon , we could go to 12k and still come down.
do not fomo in , this will come down sooner or later, this is not the bullrun ...
the major confluence showed in previous charts basically indicated this pump.
what comes up must come down.
updated the previous chart , with an extra fib circle for more precision
realigned the bars pattern picked up from last dump to 3k
We can now have a clearer idea of the support/resistance structure we will have on the way down
notice how well fib circles are respected
so the idea previously posted , showed a high time frame white fib that is now being respected.
We are reaching an intereting confluence point ( 2fib circles + fib channel ) , where i expect in the coming days a big move.
Probably a bull trap followed by drop towards 8900