Based on my Fib calculations, and give the momentum of the down move, I am not sure it is done yet.
A re-test of the 7k round number is quite conceivable, and perhaps the IDEAL scenario for HODLers.
Maybe we are done for now, but BTC does not do V bottoms this year.
So am prepared for a rounded bottom, perhaps after dropping to 7k and hovering there for a week or so?
A re-test of the 7k round number is quite conceivable, and perhaps the IDEAL scenario for HODLers.
Maybe we are done for now, but BTC does not do V bottoms this year.
So am prepared for a rounded bottom, perhaps after dropping to 7k and hovering there for a week or so?
Note
BTC trying to stay in the last set of Bands above 7k.Not much buying thus far so I will probably drop to the next set of bands.
My updated Fib Resonance bands:
Close up:
I will also be posting separate Fib Band studies such as this one:
Note
Almost there.One last set of 618's to kiss.
That 5.618 for sure, maybe a last kiss good bye to the 6.618
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.