after a sharp sell off on bitcoin we have gone into a consolidation phase..... this consolidation phase might not last for long since we are about to cross a fib time level (5 hours until it crosses) these fib time levels can predict big moves in the market. as you can see, once it crossed a fib time level we saw the price of bitcoin drop 10%!
why do i think price will drop?
using other tools like the fib retracemnt it is telling me that price has room to drop even more!
here are your selling points/targets
yellow path:
a good selling point would be at 55,329
your first target/ second selling point is at 49,666
and your final target is at 40,519
red path:
a good selling point would be at 49,666
and your only target is at 40,519
once it hits all of our targets i will make another post telling you guys if price will keep falling or if it will go uo!
(TAKE TRADE AT YOUR OWN RISK)
why do i think price will drop?
using other tools like the fib retracemnt it is telling me that price has room to drop even more!
here are your selling points/targets
yellow path:
a good selling point would be at 55,329
your first target/ second selling point is at 49,666
and your final target is at 40,519
red path:
a good selling point would be at 49,666
and your only target is at 40,519
once it hits all of our targets i will make another post telling you guys if price will keep falling or if it will go uo!
(TAKE TRADE AT YOUR OWN RISK)