I don't know if its the Christmas season, but I started believing in miracles.
After this huge dump we had recently, many are looking for low prices and thats fair. It was so fast that it doesnt look like stopping. But this weekend it stopped exactly on fibonacci and it is showing some bullish impulses.
If we do manage to turn the tides around here, we could be looking at a 1.618 fibonacci target of 20170$.
If not, we will soon see the fibonacci support fail and continue the dump. I have other analysis for targets on the bearish side.
Good luck trading this, its not an easy one.
After this huge dump we had recently, many are looking for low prices and thats fair. It was so fast that it doesnt look like stopping. But this weekend it stopped exactly on fibonacci and it is showing some bullish impulses.
If we do manage to turn the tides around here, we could be looking at a 1.618 fibonacci target of 20170$.
If not, we will soon see the fibonacci support fail and continue the dump. I have other analysis for targets on the bearish side.
Good luck trading this, its not an easy one.
Comment:
it went for a break below 382 fib and almost touched the 236, got bought up straight away. It seems the bulls are ready for a fight.
