Will keep this short as I need to leave for work.
Bulls seem to have hit resistance on the way up to 5K again and from what I can tell we're going down a bit further before trying to breach 5K once more.
BTC has been bouncing down the roof of the wedge as you can see and should try to hit the floor on a short time scale. If we do, and go through, we can expect to go lower to the next Fibonacci level according to the chart. But as always, be open to market change in directions and don't get stuck in your mentality or trade because it's not going the way you want it to. Leave the emotions in a little box, locked away when you go sit and trade or make your analysis.
That's it for me, hope you enjoyed this!
Sincerely,
Fawsian
Bulls seem to have hit resistance on the way up to 5K again and from what I can tell we're going down a bit further before trying to breach 5K once more.
BTC has been bouncing down the roof of the wedge as you can see and should try to hit the floor on a short time scale. If we do, and go through, we can expect to go lower to the next Fibonacci level according to the chart. But as always, be open to market change in directions and don't get stuck in your mentality or trade because it's not going the way you want it to. Leave the emotions in a little box, locked away when you go sit and trade or make your analysis.
That's it for me, hope you enjoyed this!
Sincerely,
Fawsian
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.