I added some levels (.25 and .618) to the pitchfork I showed you in my last idea as they are getting respected pretty well.
We broke out of the pitchfork going into the weekend, and rejected the new daily level at 63.1k for a move back into the pitchfork.
Price is now bouncing between the .618 and top of the pitchfork, of course as there usually isn't much volatility during weekends.
Should we break to the upside again, we need to break the daily level and fib golden pocket right above it at 63.5-64k, if we break those we can expect to see new ATH.
To the downside, honestly I wouldn't really like BTC to lose 61k, but of course we have the different pitchforks levels as support.
Any questions?
Good luck traders
Remember not to break your rules
Habib
We broke out of the pitchfork going into the weekend, and rejected the new daily level at 63.1k for a move back into the pitchfork.
Price is now bouncing between the .618 and top of the pitchfork, of course as there usually isn't much volatility during weekends.
Should we break to the upside again, we need to break the daily level and fib golden pocket right above it at 63.5-64k, if we break those we can expect to see new ATH.
To the downside, honestly I wouldn't really like BTC to lose 61k, but of course we have the different pitchforks levels as support.
Any questions?
Good luck traders
Remember not to break your rules
Habib
