Bitcoin wicked to the bottom of the 0.618 Golden Pocket (26-28k). Getting below that could be a 18k bounce.
Outlandish prediction but possible. The Crypto market is relentlessly flaccid and isn't putting up a fight (yet).
Maybe the fight will be an aggressive V shaped bounce off the lowest reasonable Fibonacci support level.
The 0.786 FIB level would be the next major support just below 18k.
Note how this Fibonacci "Fits" very well over a long time period.
Outlandish prediction but possible. The Crypto market is relentlessly flaccid and isn't putting up a fight (yet).
Maybe the fight will be an aggressive V shaped bounce off the lowest reasonable Fibonacci support level.
The 0.786 FIB level would be the next major support just below 18k.
Note how this Fibonacci "Fits" very well over a long time period.
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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.