cshibs90

BTC Macro View & Directional Bias

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
A reminder to zoom out, draw your directional bias from the highest time frame. Be patience.

A trip down to the 0.618 level seems highly probable (~$7,550)

Trips down to the 0.65 level (~$7,000) and 0.705 level (~$5,800 - $6,000) also seem highly probable.

Prepare for the possibility to reach the 0.786 level (~$4,200).

Keep in mind the psychology of greed and fear. Smart money wants your liquidity, they don't want you riding their coattails, and will leave you in the dust.

Comments

Great first Set up buddy! Nice MA's. I follow you for that Set up! Check our site too.
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