A little early to be looking at the reclaiming of support...Weve only gotten through so much of the second day since the dip...I use fibs too..But there are other components to trading and understanding..Tomorrow is the weekly close..Have daily support at 9150's..With support of today looking to top over weekly support..If i was to be calling the next play..I would say that we are accumulating Below weekly support 9197 and looking to push price back up..Dont forget.We are in the previous range that took us to 97-99's
13GonBTC
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@troyolymia, I agree with you. There is a high chance that we will have one more push towards the upside. On the other hand, 9.2k is a weekly support and I don't see that bulls are trying to defend hard enough at this stage. Therefore, I'm taking this short