Not too much to say, just saving this for later analysis
Note
Market looking weak, let's wait and see if my timing is goodNote
Our 0.5 time fib serve well as what is looking like a dead cat with market weak to pass the 4.618 fib resistence. Looks like 0.618 time fib is a good place to watch nextNote
Repeating previous supportsNote
0.618 time fib should be in line with 1.618 previous fib at 19k. Let's watch and seeNote
19k hit, but a little bit ahead of time. Still need to improve my timingNote
Market break below 19k so 13k still a thingNote
Incoming what looks like the last legTrade closed: target reached
15k reached from almost ATH. Hope you enjoyed the ride.Note
The system in place is just the standard fibonacci retracement inverted and with custom placement. The same for time fibs, which is something I need to improve, sorry for that. If you don't want me to post more ideas like that because it is too short, let me know in the comments below.Note
Market reacted just at time fib 0.786... The "most natural" retest is on fib 2.618 ( 29k )Note
Market is looking to retest 1.618 fib ( 19k ), from there it can either retake path to 2.618 or continue bearish to 1 ( ~ 13.6k ) and 0.5 ( 8.6k )Note
After last movement BTC resume path to retest fib 2.618 ( 29k ) finally after luring to go deeper into 19k. What a move !Note
1.618 fib ( 19k ) hitNote
29k guys, decisive barrierDisclaimer
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Disclaimer
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.