This 4-hour chart shows possible price/time levels for BTC for the month of April 2018, based on Fibonacci analysis (see my earlier posts). I'm expecting the market to establish a top somewhere on the pink segment on the blue line (with the red pointers down). Possibly such a top will be established through a very quick short squeeze with a cap, just to establish a market top on the charts of all time frames, in order to keep the system Fibonacci "clean" for all big market players with automated bot trading.
From there I would expect a slow grind down, in accordance with weekly and monthly bearish indicators. Until a much lower bottom may be set somewhere
perhaps in June.
Good luck trading.
From there I would expect a slow grind down, in accordance with weekly and monthly bearish indicators. Until a much lower bottom may be set somewhere
perhaps in June.
Good luck trading.
Trade closed manually
Market is very weak. I think it is just a matter of time when we break support and go substantially lower.
It is all Fibonacci.
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It is all Fibonacci.
Disclaimer
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.