BTC.. MEAN REVERSION SOON !!
Updated
follow up to my yesterday idea where the hourly chart acting identical to the 18-22 December Crash..
I copied and pasted the 1h bars from the same area where it tested the 50 MA on the 18 Deceember and so far showing very similar behavior.
Targets to watch
1- Old trend line support test ( september and november dips trend line) (11000$-11100$)
2- Fib retracement 0.618 around (11000$-11100$)
3- On the daily chart 200 WMA and 100 MA zone where all the bounces happend in the last 2 years (9000$-10000$ Zone)
I copied and pasted the 1h bars from the same area where it tested the 50 MA on the 18 Deceember and so far showing very similar behavior.
Targets to watch
1- Old trend line support test ( september and november dips trend line) (11000$-11100$)
2- Fib retracement 0.618 around (11000$-11100$)
3- On the daily chart 200 WMA and 100 MA zone where all the bounces happend in the last 2 years (9000$-10000$ Zone)
Note
Note
Fractals..Brilliant!!Note
Bull's Eye !!Note
Note
The target reached already.. but their might be another capitulation leg to fib 0.618 arounf 7600-8200$ which is different at the exchanges..trade at your own risk !!Trade closed: target reached
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