watching historical chart of btc starting november of 2013. it is very similar to our current situation. in nov of 2013, btc declined around 85%. today we declined only 67%
in 2013's it briefly touched fib 0.236 level and came back from fibanocci 0.236 retracement level.
but today we are struggling under fib 0.236 lvl and 4hr's ma(50) and having very low volume. on this level's of volume, btc can make fake jump or huge drop
i expect few days stabilization (+-3%) and possibly fall to drawn support levels. all are matter of 20 days.
but if it jumps to 7100 today, i expect jump to 8500 atleast depending on volume level.
in 2013's it briefly touched fib 0.236 level and came back from fibanocci 0.236 retracement level.
but today we are struggling under fib 0.236 lvl and 4hr's ma(50) and having very low volume. on this level's of volume, btc can make fake jump or huge drop
i expect few days stabilization (+-3%) and possibly fall to drawn support levels. all are matter of 20 days.
but if it jumps to 7100 today, i expect jump to 8500 atleast depending on volume level.
