I'm just interested to see what happens in the next few hours when we hit the red fib cirlce. Interesting MACD divergence on 1D with similar repeating pattern on the 4h from Mar 30 to the April 12th huge green candle. ~12hrs or so should decide the fate. Strong fib support here as we've tested this area multiple times going back to the early Nov '17 fractal before the bull run. We've tested nearly all points of that fractal - Feb 6th, Mar/Apr, and just recently tested the top of it... I'm thinking we're close to a bottom here. I opened longs 2 days ago between 7925 - 8075. Hoping for a strong bounce towards 8.8 on the initial push (few days) but 8.5-8.6 are heavy resistance areas.. If we don't hold here, 7.8 would be initial bottom, with chance of breaking current trendline and falling through to main one which would put us around ~7.3k.. After how fast we got out of the 6s and 7s about six weeks ago, I don't see us staying there very long if we do. Quick bounce
Honestly, just playing around with this setup just to see how it works - if at all lol.
Next 3-4 days i think will remain in this range, until a big move on the red fib circle..