BTC is still finding a lot of resistance against the fibonacci circle line and we are gently moving towards my 48605 entry point. I'm laddering my position from 50890 all the way down with incremental size. This will also hit the 100D MA which will serve as a strong support level. If that doesn't hold it's not gonna look pretty.
So under what time frame will it hit that target price in your opinion? Very helpful analysis
WHEN1110011
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@phillipliang68, hi, looking at some other charts and different indicators my guestimate would be between 2 and 6AM UTC - simply put, I do expect it today within the next 10 hours and 4 hours from now approx.. I primarily base this on the Stochs RSI 4h that is starting to point downward in my chart - indicating the move down and when it goes it often moves quickly.
phillipliang68
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@eddyho, looks like another blood bath is coming..
WHEN1110011
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@phillipliang68, yep.. "be greedy when there is blood on the streets, even if it's yours" is a known traders saying... so be ready to buy ;-)