Bitcoin looks to be forming a wick through the 0.5 fib on the weekly candle - taken from the significant local high to low.
These algos seem to be very orgnaised within the various timeframes and the close is often a juncture for reversal.
Very probable this bounce is done in the 0.5 fib area and price will be back to dribbling downward next week.
Not advice.
These algos seem to be very orgnaised within the various timeframes and the close is often a juncture for reversal.
Very probable this bounce is done in the 0.5 fib area and price will be back to dribbling downward next week.
Not advice.
Comment:
Comment:
Price extends to 0.618. A great short is right here if shorting BTC is your thing - although there may be alts with better RR.
Comment:
Not advice.
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