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first take a look at red arrows, that's how far that candle went to. and see what importance that 'white line' is..
i then did fib retracements. the white arrows represent where i placed those retracements, and you can see that .5 lines up perfect with that 'white line' we fell too.
We need to close the weekly above that 20 EMA or we will be re-visting the mid...
BTC descending triangle about to dip a bit further BTC descending triangle about to dip a bit further BTC descending triangle about to dip a bit further
Look at Number 1, it was a bounce of that spot. Number 2, we just did that a couple days ago to match that spot earlier this year. We will go down to bounce on Number 3.
Then up top at Number 4, I threw in a 'bear-trap' because that is an obv. place for one to be. Some of us know Bitcoin loves to throw those out before 'mooning' and since it WOULD be a real...
