BTCUSD Perspective, Touched 23% fib level. what next?
BTCUSD Perspective:
Based on Fib levels it looks like it did touch the 1st 23% fib level quickly and moved back up 200$, still no bearish sentiment in the market which is a bit surprising. Also if it passes through 7.4k -8.1 k should be next target.
Right now i feel it should correct upto atleast 38.2% which is 6.5k zone and potentially 50% which is 6300 levels. This is just my sentiment and based on few indicators. Indicators haven't worked most of the time for BTC.
It does seem to form LH , LL on small 15 min TF.
Based on Fundamentals i only see some FUD Happening if 2X get canceled or postponed. Majority of people are just holding cause of that and i think we should see some correction atleast few days before the fork. Many are pulling out of the agreement and might not happen.
Based on Fib levels it looks like it did touch the 1st 23% fib level quickly and moved back up 200$, still no bearish sentiment in the market which is a bit surprising. Also if it passes through 7.4k -8.1 k should be next target.
Right now i feel it should correct upto atleast 38.2% which is 6.5k zone and potentially 50% which is 6300 levels. This is just my sentiment and based on few indicators. Indicators haven't worked most of the time for BTC.
It does seem to form LH , LL on small 15 min TF.
Based on Fundamentals i only see some FUD Happening if 2X get canceled or postponed. Majority of people are just holding cause of that and i think we should see some correction atleast few days before the fork. Many are pulling out of the agreement and might not happen.
Comment:
Still in a channel tho
