Fibs are a beautiful thing. I naturally gravitate to beautiful things. lol...
Anyway, posting this for my own records. Fib extension perfect to .382. Bounced twice. 10,125 is a tough resistance price.
Every time we've hit the bright cyan lines of the fib circle, BTC capitulates. I don't see why this would change in a downtrend. So in about 2-4 hours I'm thinking BTC will drop to the .5 level of 9520.
Shorted at 10,133 and stopped out at my first target 9890 over night.
Going forward with a new targets....
1) 9859 (thinking it will hold here for a brief retest, but with the fear and greed index in the red and capitulation I think it will breakthru.)
2) 9520 (.5)
3) 9182 (.618)
My two BTC's.
Anyway, posting this for my own records. Fib extension perfect to .382. Bounced twice. 10,125 is a tough resistance price.
Every time we've hit the bright cyan lines of the fib circle, BTC capitulates. I don't see why this would change in a downtrend. So in about 2-4 hours I'm thinking BTC will drop to the .5 level of 9520.
Shorted at 10,133 and stopped out at my first target 9890 over night.
Going forward with a new targets....
1) 9859 (thinking it will hold here for a brief retest, but with the fear and greed index in the red and capitulation I think it will breakthru.)
2) 9520 (.5)
3) 9182 (.618)
My two BTC's.
Comment:
Wow. Look at that. So exciting. What's going to happen? Ahhhhhhhhhh!!!!
