The key area shared yesterday again playing as the key point. Deviation above this pivotal area, and close again below, and I will be shorting for new lows. Reclaim of the blue box and close above, breaking the mian bearish parabola, and I will be buying the restest aiming for new highs.
Currently a buyer at the red box, price structure looks bullish af, imo this will be one of the last pullback before entering price discovery area. Those are my main objectives based as always in mister Fibonnacci, 32$, followed by 52$. Break and consolidation above 52$, and next objective is around 80$.
Bitcoin currently been rejected by the main pivotal area at this point, unless we clearly close above this pivot next area of interest is at 27.6k. Yesterday chart objectives were based purely at fibonacci projections, this ones are the main pivotal areas as you can see in chart.
Bitcoin looking weak at the moment, imo we are distributing in higher time frame, drowing the first lower highs in months. Bigger picture is still the same, price could go to 20k and this will still be bullish af, and Im still pretty confident on reaching 100k this year, but retraces are necesary for a healty trending market. Imo we could se a 3rd lower high...
It does not matter how low it goes, ether will break ATH 99% this year, with a 4k objective. Do NOT trade with leverage and you will not get fucked, currently buying in the blue box, but Ihave bids all over till 500$.
Just Fibonnacci extensions, 3k is the main objective of the current price structure, clear close and consolidation above in weekly candles, and next objective would be around 9k.
Just a short case scenario, but closing below the blue box would increase the probability. If this happens is just a gift to buy anithing around or below 900$ for this.
I want to see previous high clearly hold, if price starts closing below again, this scenario will gain strength.
If it gives the chance, I will take it. DOT looking ready to take the ATH in the daily/weekly chart.
Capitulation on the play, slowly accumulating this, no hurries, in 2021 this will bounce hard. Those are the levels Im watching, clsoe and consolidation above, and level above next.
Want to see the price close back above red line, thats the trigger for my long entry
Break and consolidation above the blue box, and I will be buying this.