unfathomableman

unfathomableman

After the initial spike induced from the war creating a higher demand in wheat, we are now seeing a pullback from the highs. Fibonacci levels line up pretty well with resistance and consolidation levels. Good support around the $6.8 to $7 with first resistance being at the $8 level and heavy resistance at the $8.50 mark. Keep in mind that after very quick moves...

unfathomableman Updated 

We're looking at what might be a consolidation for BTC until either a bearish or bullish breakout, the tug of war is never ending. If however we see a bearish movement, expect to see drops down to the 6k to 7k area, which would provide a nice buy-in zone. If we see some bullish movement we could be looking at a 10k-ish target area or now.

unfathomableman

We should be hitting red area as TP. This is just an idea, not an investment recommendation.