During the previous waves since the 20k top (around the 6k levels), when Bitcoin formed lower highs, it used to retrace to the 382 or almost to the 382 fibonacci level of the previous bull trap wave.
This is not a target, but a quick basic overview of the buyers strength.
I want to check if the buyers are still having the same buying interest (or not) in this asset since it broke the 6k and reached the 3k's.
Maybe this small wave up is already done (last daily candle might be already a reversal), maybe it will hit the 382, maybe it will go higher and surprise us all who knows.
Let the fibonacci do the quick maths for us...
This is not a target, but a quick basic overview of the buyers strength.
I want to check if the buyers are still having the same buying interest (or not) in this asset since it broke the 6k and reached the 3k's.
Maybe this small wave up is already done (last daily candle might be already a reversal), maybe it will hit the 382, maybe it will go higher and surprise us all who knows.
Let the fibonacci do the quick maths for us...
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The retail fomo is real!
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Maybe Bitcoin is settling up above the 786 level and will try to move higher
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Boom
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Showing first sign of weakness at this resistance.
The daily candle, if ends up like this, will act like a reversal pattern with very high odds.
Waiting for the daily close.
The daily candle, if ends up like this, will act like a reversal pattern with very high odds.
Waiting for the daily close.