Here, you can see that I'm looking for bitcoin to correct to back test the previous downward sloping resistance, as support. This would equate to a retracement to the .05 fib level (based off it's most recent move up).
After a healthy re-test of the 49-50k range, I expect bitcoin to make a powerful move in to what likely will be a new price discovery phase of the cycle for btc - fingers crossed!
As always, this is not financial advice in anyway, just a count I'd like to share with you. If you appreciate the analysis, be sure to follow and like to let me know... thanks.
Trade safely, cheers!
After a healthy re-test of the 49-50k range, I expect bitcoin to make a powerful move in to what likely will be a new price discovery phase of the cycle for btc - fingers crossed!
As always, this is not financial advice in anyway, just a count I'd like to share with you. If you appreciate the analysis, be sure to follow and like to let me know... thanks.
Trade safely, cheers!