In this idea i decided to write. :D
Ok,so why long? Im doing these updates for myself to keep notes,but since this is a post about btc, a lot of people will see it and therefore i will write my reasoning.
1.This pump was perfect 0.618 fib,or the golden pocket of this fib (first pic under) and according to my method,tgt for the dump will be 0.382.
2.This fib (pic 2), shows us where the golden pocket is and it perfectly confluences with the 0.382 of the fib mentioned above.
3.This line (pic 3) shows that we had trouble breaking this level and is now good support,aaaand confluences with the fibs i already mentioned.
So,my guess now is follow the blue line,if we bounce here and sell at the end of the blue line.If something else happens,will try to update.
Ok,so why long? Im doing these updates for myself to keep notes,but since this is a post about btc, a lot of people will see it and therefore i will write my reasoning.
1.This pump was perfect 0.618 fib,or the golden pocket of this fib (first pic under) and according to my method,tgt for the dump will be 0.382.
2.This fib (pic 2), shows us where the golden pocket is and it perfectly confluences with the 0.382 of the fib mentioned above.
3.This line (pic 3) shows that we had trouble breaking this level and is now good support,aaaand confluences with the fibs i already mentioned.
So,my guess now is follow the blue line,if we bounce here and sell at the end of the blue line.If something else happens,will try to update.
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And here is it all on one chart
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4.The 55ema will be at the price where everything above meets.
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Slightly adjusted fibs
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Still waiting for correction