Accumulation phase may be upon us
Updated
This would honestly be a blessing in disguise, but a heart break for many a moonboy.
Bitcoin is still sliding down, looking for a bounce at the 9,850 level for a test of the fib and trend line
Optimistic target of 17,000’s (bulls willing)
It is interesting to see ETH so low on its fib levels from a macro perspective. Holding currently just above the .618
Bitcoins .618 is at 7,200. Will be interesting to watch this unfold.
For now I have taken profit and will remain on the sidelines until I see a good entry.
If you would like to stay up to date with crypto discussions telegram group is free to join:
t.me/joinchat/AAAAAFU6JkVxoNTVssfMpQ
Bitcoin is still sliding down, looking for a bounce at the 9,850 level for a test of the fib and trend line
Optimistic target of 17,000’s (bulls willing)
It is interesting to see ETH so low on its fib levels from a macro perspective. Holding currently just above the .618
Bitcoins .618 is at 7,200. Will be interesting to watch this unfold.
For now I have taken profit and will remain on the sidelines until I see a good entry.
If you would like to stay up to date with crypto discussions telegram group is free to join:
t.me/joinchat/AAAAAFU6JkVxoNTVssfMpQ
Note
If Ethereums 200 MA turns into resistance I will look to short
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