BTC Fib Channel 1.618 Extension Bounce and Target

Updated

You can see how price follows these fibs like a magnet. If we extrapolate from previous reactions at these fib levels we get a next possible top around 55-57k.

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up to 60k rather

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50-52k will be tough to break

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Could see a repeat of June 21 to July 21 and retest ~41k in a month. In which case I would say watch out for 45-47k

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But that may nullify my 57k target. So maybe more like a couple of weeks to test ~41k.

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Bottom vwap bounced. Watching top vwap

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69 bars on the 3 day...

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Adjusted the target to better match its counterpart

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