In two minds about BTC as we have just bounced off a 61.8 retracement on the 11th Dec, which can be found by drawing a fibonacci from 26 Nov @ 12:00 - 1 Dec @ 00:00
We are now rejecting / holding the retracement zone, this can be found by drawing a bearish fibonacci from 1 Dec @ 00:00 - 11 Dec @ 00:00.
I would hope to see this sell off up until the EOY until January when things heat up with regulations and digital $.
I would not be surprised if $22,200 comes through wiping out everyone shorting from here (prev ATH) hence the idea to not risk this set up.
Lets see what happens on 21st Dec (week today) in the crypto market 🤞 📉
We are now rejecting / holding the retracement zone, this can be found by drawing a bearish fibonacci from 1 Dec @ 00:00 - 11 Dec @ 00:00.
I would hope to see this sell off up until the EOY until January when things heat up with regulations and digital $.
I would not be surprised if $22,200 comes through wiping out everyone shorting from here (prev ATH) hence the idea to not risk this set up.
Lets see what happens on 21st Dec (week today) in the crypto market 🤞 📉