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RESISTANCE BECOMES SUPPORT

By jawnbilletes
Updated
LITTLE REJECTION FROM THE CLOUD TO CHILL OUT THE RSI... SUPPORT NICELY ESTABLISHED TIME TO RETEST PREVIOUS HIGH AND TRY AND PENETRATE NEW FIB.
Comment
we hittin 12k fib all but confirmed ya fookin worms
Comment
snapshot
we failed to get to support and were rejected by resistance. the consequent rejection took us all the way down to the bottom of the cloud on the daily. which corresponds nicely with my fib line.
I ended up drawing a new scenario which will take us down to low 8000s and possibly under as we look for new support and consolidate in this new channel. here is an update to the first chart in this comment that i drew over the weekend.
snapshot
Comment
the more likely scenario is that we will consolidate in the fib channel just UNDER my red line so between 8k-11k tops for the next couple of months. my hand wishfully drifted away in the hopes for a btc bullrun.
Chart PatternsGannTechnical Indicators

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