As you can see we are going to test the 0.5 fib retracement and the 1.618 of the fib circles both are really good resistance and if we break it we can go up alot but if we gonna reject is which is most likely we are gonna go down again and that means alts are gonna get destroyed once again because of the btc dominance.
We shall see what happens the next hours!
We shall see what happens the next hours!
Comment:
As you see we broke the 0.5 after testing it twice.
We are really close to the next circle so we shall see what happens.
For now its a no trade zone for me
We are really close to the next circle so we shall see what happens.
For now its a no trade zone for me
If the bulls dont push it higher we are creating another lower high on the hourly/minutes timeframes.
This could mean we still have a chance to go lower.
be carefull