Bitcoin Resistance Bands (Fibonacci Retracement)
Got this from Ivan On Tech. Beware of pullbacks. See Ivanontech video on Dec 27th starting at 13:38. on Dec 27th. I re-created his Fib retracemewnt from watching this video.
And now we are here on Jan 7th. Look at ivanontech january 7th 15:34 and you can see we've blown thru the 30,030.7 resistance band and now we have to see if we can blow thru the next band of ~39,500. So if it sputters, Bitcoin can drop back down to 30,000. If it doesn't sputter, it can go to almost 46,000.
And now we are here on Jan 7th. Look at ivanontech january 7th 15:34 and you can see we've blown thru the 30,030.7 resistance band and now we have to see if we can blow thru the next band of ~39,500. So if it sputters, Bitcoin can drop back down to 30,000. If it doesn't sputter, it can go to almost 46,000.
Note
16:41 ... NOT 15:34
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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.