Hello, Trading View,
This is one of those unexpected bull runs that started when BTC started the unexpected bull run last time. So which ever whaling group is incharge of doing this. Seems to be doing it right when BTC hits the $6,000 mark.
If my theory is correct. BTC will go long and in-turn ethereum will go long too. We should wait until we see a break out starts. You can presume that the next support line above or below it will be the best target to shoot for. Because the previous fibonacci lines are very weak. Which is a good sign for the bulls. In a bear market the Fibonacci are a big stronger. Which indicates allot of buying resistance. And a large sell off from maybe just 1 or two major sources like whaling groups.
Thanks,
StopLoss123
This is one of those unexpected bull runs that started when BTC started the unexpected bull run last time. So which ever whaling group is incharge of doing this. Seems to be doing it right when BTC hits the $6,000 mark.
If my theory is correct. BTC will go long and in-turn ethereum will go long too. We should wait until we see a break out starts. You can presume that the next support line above or below it will be the best target to shoot for. Because the previous fibonacci lines are very weak. Which is a good sign for the bulls. In a bear market the Fibonacci are a big stronger. Which indicates allot of buying resistance. And a large sell off from maybe just 1 or two major sources like whaling groups.
Thanks,
StopLoss123