Bitcoin - Full Moon
Updated
Bitcoin looks like it's found good support at its 0.236 Fibonacci Retracement - $9280; the 4 hourly candles RSI and MACD shows signs of the Bears tiring out, and the Bulls taking back control of the trend; with the Full Moon approaching on the 1st of March I see a potential rise in volatility to $13000 by then - 0.5 Fibonacci Retracement.
Potential buy in sign would be closing over $9900 on the daily chart; However, if we break under 0.236 - there will be little to no support...
Potential buy in sign would be closing over $9900 on the daily chart; However, if we break under 0.236 - there will be little to no support...
Note
Closing above $10300 on the daily should be a good sign that a steady trend is on a bullish trajectoryp.s correction - Full moon is on 2nd of March (UTC)
Note
So far so good, closing over $11400 - 0.382 Fibonacci Retracement, will be a great sign forward for Bitcoin
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