We have broken through the main Fibonnaci resistance level at 9831 and been pushed back.
Another breakthrough would indicate a push towards 11385 again. This would be the ultimate proof of a long term bullish reversal for the end of 2019. Meaning 2020 would be the year of the new ATH.
The daily and weekly EMA crosses and the daily RSI divergence show a strong...
Attn: My bull scenario is much more likely: chart/BTCUSD/8awAtzEc-Bullish-trend-possible-if-we-break-8502-99/
Fake-out bear trap scenario:
RSI swing rejection at $7241.16 towards the new lower top of $12930.11
My bull scenario is much more likely:
Long term:
Bitcoin and blockchain sentiment uncertain but seemingly improving.
Altcoin prices starting to warm...
Bullish trend possible if we break $8502.99.
$8970.69 and $9726.74 being the next fibonacci resistances.
The new upper golden ratio of $12,930.11 is the lower top of a possible bull market.
In the scenario of a fake-out we can assume the market to have low volume activity during the coming days.
I will post another analysis with a bear scenario in case of a...
