we are talking about Fibonacci retracement levels and now price is on 0.5% of Fibonacci level and it can rise now or we may have some more correction to 0.61% of Fibonacci and then pump.
if and only if 0.61% break (green zone on chart) then again we may have more correction ahead .
But technically we are looking for some bull candle around these prices .
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Interesting scenario but perhaps it will repeat the same scenario of June 4-8. After making a lower high he lateralized for a few days before dropping into the support zone. I think we'll hit 30k again and maybe 27k too. Let's see what will happen and thanks for sharing your idea :)
MMBTtrader
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@Acrome77, most welcome and after breaking this resistance
seeing 30k again possibility is 15% and now price is pumping and reaching targets as it was expected
CobraVanguard
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Bravo
awesome chart and idea
financialflagship
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Great call, keep them coming. 🚀🚀
jojofang0901
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good one bud :) thx for sharing and good catch
ej_stokvis
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Level is 0,618 as fibo retracement. Bit strange title. It's support not a level for a pump
OG_cRoW
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Maybe an inverse H&S is forming on the 4h TF
MarkLefevre
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Can anyone translate this for me? I don't seem to be able to despite my best efforts.
CivilisedWolf
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Weekly TD sequential system also gave a 9 bottom signal