BTC - Short term Bullish; Long term Bearish
Updated
Swing high making higher highs, looking for a short term retrancement down to the 61.8%-78.6% Fibonacci zones. Predicting a bounce back up to the main bearish trend line formed from previous Higher Lows.
2 Fib zones are highlighted:
2 Fib zones are highlighted:
- Green zone is based on the 4H at a longer term projection
- Blue zone is looking at the 1H shorter term projection
Note
Triangle was broken and dropped down to the blue fib zone, expecting either a lower drop down to the green zone or a bounce back from the blue zone to the confluences at the main Chinese dragon trend lineNote
61.8% on the Green Zone reached, looking for a reversal towards the Chinese-Dragon trendlineNote
Huge manipulative spike upwards after the 61.8% Green Zone Fibonacci level reached
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