as we can see btc has broken thru the .5 fib and done so quite rapidly. too fast perhaps. look for a retest of the .5 fib and resistance in the 40k range were it to climb that high in the coming weeks. otherwise ranging between it and about 34k. a quick wick up to the .382 around 43k is not unreasonable to consider either, however this pace has got the RSI...
this daily close for LTC is bullish imo. should make a run up to next local resistance at $92ish. we need to hold $84 @ .382 fib level as shown in chart. if we break past AND hold $92 @.236 fib level then we may see a $100 LTC in the near future.
in the video i show the fib levels that price respects and reveal likely targets down. im long term bullish but the trend is down and the fibs have spoken. #NFA
just look at the fib levels. could be rejection around 340ish. just simple chart analysis. #nfa
these are the areas i watch for price targets both long AND short. tp/sl ALWAYS! take the loss when you are wrong in a trade and reconsider any bias you may have. simply look at the chart. ignore the opinions of others and do not let outside chatter influence your trading decisions. use TA that works for you and listen to your intuition always. thats...
short term potentail rejection. if not bulls must take and defend 30k imo
on the 1 hr chart we can see BTC trying to respect the fib zones. the .618 is a particular area to watch for accumulation and if that fails to hold 26k is not out of the question. #nfa
its time for btc to make a move and to me it looks like it will break down lower