There is no doubt for me. I hope the future will prove me wrong. If you see anything wrong with the please tell me. The 50MA has not been broken since appx. at the 19th of October 2015. If we hold this support we are officially in a bull market and you could expect the price to rally dramatically. The 0.618 Fibbonaci was broken, Yes. I agree that the Fib was broken however this would signify a crucial moment in BTC history. If you believe in BTC and I hope all readers do, this is the time to load up on longs or live with another LONG bear market. For me, this dip to the 50 weekly moving average is historical and so significant that I Hope you see it too. Make the right choices... we will see how this plays out!
The lowest low according to Fibonacci is the 0.236 level which coincides with the general trend for entering a long position.
Prosper! Grow! and I hope this turns out the way it is supposed to.
Tell me what you think!
All the best V3erdictz
The lowest low according to Fibonacci is the 0.236 level which coincides with the general trend for entering a long position.
Prosper! Grow! and I hope this turns out the way it is supposed to.
Tell me what you think!
All the best V3erdictz
Comment:
I forgot to mention that the weekly RSI is also at an all-time low for BTC we could dip lower as we did in December 2018, if we do...then well that's how it is, another bear market there is no debating about it, should the weekly MA break. However, the RSI is approaching really crucial resistance. This should be noted and responded to accordingly!