Can we see a higher local high?
There's a channel being formed for exactly one year now between the 0.618 and the 0.382 from the fib between the local high and local low where the 0.5 acts as the middle. We got a recent rejection gathering more volume to break through. Is there a wick to the middle and can we find support on the 0.618? Then we can go 0.786 and potentially break the local high around 0.000034 BTC. RSI says we aren't overbought and there's still room for improvement.
!!!DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only for the purpose of sharing ideas NOT investment advice, therefore any feedback from aspiring traders and experts are more than welcome.
Always remember to not go into a trade to fast and take profit along the way. Stay safe, stay profitable ^^
!!!DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only for the purpose of sharing ideas NOT investment advice, therefore any feedback from aspiring traders and experts are more than welcome.
Always remember to not go into a trade to fast and take profit along the way. Stay safe, stay profitable ^^
Comment:
Comment:
As long as we have support from the 200 MA I still believe we will retest the 0.236 and with current ALT run, a test of the 0.382 around 4500 sats would be in the realm of possbilities!
As long as we have support from the 200 MA I still believe we will retest the 0.236 and with current ALT run, a test of the 0.382 around 4500 sats would be in the realm of possbilities!