Just keeping this short and makes some points, recapping and what to look for next.
Main points > We just hit the 0.618 fib macro level so expect this band to resistance and a pullback. > Paypal announcement today is big, which is likely given the boost for this run. > Go long, 13500 (I have 13800 to 13900) and above is the main target. > While BTC fights this resistance, sideways movement, ALTS will go up. Advice, keep an eye on the BTC dominance chart.
Cheers, S.SAri
This Weekly chart below now uses the top of the wick the fib. measurement, which brings this 0.618 level to 13250. I prefer to use the body of the candle, chart above. Now look at the weekly indicator\s, note the upward momentum, upward pressure still there.
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BTC Dominance > perfect call
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some confluence with this resistance range with horizontal resistance and fib level. Hence strong resistance
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These fib lines make sense
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One cannot be surprised if this goes parabolic, a min parabolic run for history shows us why. The conditions are there for it. PayPal, China central bank, other banks will be doing it as well, defi, etc
great targets on your chart. I agree overall, I think we got a bit of resistance on the way.
So let's see what happens near 13 000 / 13 500 USD, will be a strong level to clear for the bulls.
ssari
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@ProjectSyndicate, thx. plenty of resistance levels, so we need to keep an eye on the indicators to tell us when its slowing down.