BTC has the potential to see an uptrend again in the coming week, only if we have a Sunday correction so on Monday the price can rise again. If this is the case, we have to be ready for a gaining week ahead with maybe another correction on Wednesday!
why exactly like this? can you explain your reasoning more? thanks
cryptonienii
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@fineregex, Sure. today is Saturday. The fundamentals shows that tomorrow is a correction day and if so, on Monday it's going to gain in price again and maybe reach higher than the price in this weekend. So if the fundamentals are correct than if you look on the chart you can see the 0.618 purple fibo level at around 4150$ and my best guess is that will see the price leave the blue 0.23 and purple 0.78 channel (fibo r) and hit it (purple 0.618) tomorrow (Sunday). Then according to the same idea, when the weekend will be over, a buying volume will drive the price over the blue 0.23 and purple 0.78 fibo levels up to the purple 1(4477.60) fibo level at around 4470$
cryptonienii
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But, nobody can predict the markets exactly, it's just a thought.
fineregex
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@cryptonienii, sunday is fundamentally a correction day?
i thought weekends are used for pumps to attract silly weekend money and be sure no (negative) news are published
ridertiger
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@fineregex, Agreed. "Why" should be explained, especially in the education section.
fineregex
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@ridertiger, doesnt seem to have education tag, still not obvious to me