This modified schiff pitchfork has worked really well as a guide along side my fib models Fibo
The structure looks a tad different than last time this setup happened. I still like my June high call for now. Fibo
But, I still like the upside marked targets over the next week or two :) Already trimmed, but staying long.
This is the next near-term target for $BTC based on my threshold model. Thanks, Fibo
Hopefully we punch out of this consolidation Fibo
I know it is boring, but trying to analyze which way this is headed. Of course tough to tell here, but I still lean to the upside with 43k a target on this bull zone. However, if wrong I will likely breakeven or a small loss and in a boring whipsaw consolidation that is not too bad. Fibo
Momentum is terrible so more whipsaws likely ahead.. but so far support is holding. Not pretty, but see how it turns out. Fibo
I like how the golden ratio is holding the macro trend so far... Fibo
worked liked a charm.. the buy signals I was getting with my fib model over the past weekend were no joke :) Fibo
Based on my fib threshold model, the 35k area remained a spot to buy (twice) .. see how it plays out. Fibo
No guarantees, but the internal indicators have a lot of similarities around the last bull div toward the bottom of the bear zone on the fib threshold. No strong buy until bull zone is established, but will be a fun one to watch :)
I did a video for my patreon group talking about this... any thoughts?
There is no guarantee here, but the average increase in $BTC price over the last 7 years looks promising :) For entertainment purposes only. Fibo
... new highs are in our near future? We shall see, the hidden bull divergence type look (positive reversal) is slight, but could be enough to signal a turn around and a low is in. Keeping an eye on it! Fibo
Bart is saying to hold!!! This is a key line in the sand.. a break here and back to the drawing board... Fibo
Buying support was found right where we wanted it.. let's no get a strong close! Fibo
lets see if this critical support holds ... the fib ext matches the rsi bull div Fibo
Not a guarantee to bounce on these bullish divergences, but maybe some slight hopium? Fibo