KNC has very strict behaviour from it's respective market makers in terms of respect to most traditional technical indicators If the regression channel doesn't allow for a major move to the upside (and if bitcoin can continue ranging) I could see a tap on the fibs lowest level to initiate a move to re-test demand the local low set a few days back during terra event. Laid out like a meal on the chart - let me know what ya think
TIGHT STOPS - this mf'er loves to rip
Note
$2.8680 Peaked price went as low as $0.45 225 days later. King short.
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.