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0.618 biggest chance of bouncing off and breaking out of this sucidal downtrend channel towards new highs
0.786 breaking this is eating dirt towards 2k area
Stay safe, not a financial advice
I honestly think that after so many rejections and fakeout we will test 9000 with a wick to 8500 to fill the gap and then new bullrun begins.
Bitcoin has broke the bullish upwards trendline .
6hour bearish divergence.
Targets are fib targets on the chart.
First target should be the first gap, where here bounce to new highs could also occur, though I am aiming...
I doubt we break through this resistance line, atleast for now need a retracement or even going more downwards...
we also have a 4h bearish hidden divergence
nice place to open short for longterm or just to scalp
not a financial advice