If this was a 5M chart with any other name other than Bitcoin, making a case for a test of the mid fib levels wouldn't yield too many arguments from too many people.
However because it's Bitcoin and a re-test of either of those zones gives us a price of anywhere between a very low $6,300 and an upper of $7,500 people want to throw me off a bridge :)
Of course those zones are a way off and there are multiple zones of strong resistance in-between.
A significant break below $8,700 and any kind of bearish price action on lower time frames below it and i really cant see anyway $7,500 and below dose not get visit, even if it is only a short sweet hello and good bye!
I'll be trading this with set ups on lower TF's and I'll post them in due course.
However because it's Bitcoin and a re-test of either of those zones gives us a price of anywhere between a very low $6,300 and an upper of $7,500 people want to throw me off a bridge :)
Of course those zones are a way off and there are multiple zones of strong resistance in-between.
A significant break below $8,700 and any kind of bearish price action on lower time frames below it and i really cant see anyway $7,500 and below dose not get visit, even if it is only a short sweet hello and good bye!
I'll be trading this with set ups on lower TF's and I'll post them in due course.