#bitcoin /USD coinbase
weekly + monthly candle close this weekend
(both same day) june 30, 2019 (00:00 UTC)
we have to stay above $11,500 or close above it for bulls to maintain control of the current market setup. if we close under then more blood to retest fib ($9,500) or trend support ($8,950)
now $9,500 our 0.382 fib may act as a bounce zone so im not completely bearish. i do agree that we still have hope to Retest $13,500 0.618 golden fib level.
if we break the golden fib level plus if we push $14,286 with volume and momentum than next target is $16,300 0.786 fib level. the best part about this retest if successfully broken upwards is there is no resistance from $16,300 towards $20,000.
if we get rejected hard again at 0.618 golden Fib ($13,500) then im afraid the market will take a down turn to test 21 MA or 21 EMA (weekly) to look for support there. starting our wave 2 then transitioning to wave 3 which will take us to much higher highs by end of year dec 2020. in my oppinion.
****THIS IS NOT FINANCIAL ADVICE BUT A MAD MANS IDEAS****
weekly + monthly candle close this weekend
(both same day) june 30, 2019 (00:00 UTC)
we have to stay above $11,500 or close above it for bulls to maintain control of the current market setup. if we close under then more blood to retest fib ($9,500) or trend support ($8,950)
now $9,500 our 0.382 fib may act as a bounce zone so im not completely bearish. i do agree that we still have hope to Retest $13,500 0.618 golden fib level.
if we break the golden fib level plus if we push $14,286 with volume and momentum than next target is $16,300 0.786 fib level. the best part about this retest if successfully broken upwards is there is no resistance from $16,300 towards $20,000.
if we get rejected hard again at 0.618 golden Fib ($13,500) then im afraid the market will take a down turn to test 21 MA or 21 EMA (weekly) to look for support there. starting our wave 2 then transitioning to wave 3 which will take us to much higher highs by end of year dec 2020. in my oppinion.
****THIS IS NOT FINANCIAL ADVICE BUT A MAD MANS IDEAS****