bmoney2020

BTC Liquidation analysis using Fib Circles

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is my current viewpoint of what is currently happening in the crypto market. BTC has yet to close below my sell break level on the weekly time frame. I can see price potentially using this inner fib circle as a rejection point to recover to the next fib level. Volume is high, and we could see some potential insane moves to the upside.

Though, if price breaks and has a WEEKLY BEARISH Candle that closes below my sell break at 29,725, we could see a plummet to 20k

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