Confluence could be lining up
Updated
This fib that I have pulled is purely speculative. It doesn’t have any merit other then it lining up with the price action and where (I think) price will go.
However it does line up with the death cross coming on the 4hr and the 200 MA (the yellow line) meet the fib at 7,600. Obviously purely speculation but I’m seeing these levels have more and more confluence stack up. Who wants some cheap bitcoin?
However it does line up with the death cross coming on the 4hr and the 200 MA (the yellow line) meet the fib at 7,600. Obviously purely speculation but I’m seeing these levels have more and more confluence stack up. Who wants some cheap bitcoin?
Note
The 4hr 21 MA (10,200) is also acting as resistance. 4 hour blood diamond printed on market cypher a few hours ago but could have already played out.Note
Really just looks like a bear pennant. Extrapolated target 8,000ish 8,500 seems like a happy medium with the fib and gap fill etc.
Note
The 21 MA just crossed the 50Note
Volume is loooooow we’re at the apex of this wedge, shouldn’t be much longer till we get a decisionNote
4 hr macd bullish cross about to occur. This may all not even play out
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