stmoloud

BTCUSDT Weekly Fibonacci definitely your mentor for this week

KRAKEN:BTCUSDT   Bitcoin / Tether USD
You will note that as we entered this week that weekly Fibonacci is at 50% and has surged to the nest level - 38.2%. So this is the one to watch this week. As to if the price will go up or down, that is in the lap of the gods. But as we are more than half-way through the week, I am not confident the next level at $9732 will be attained. It may be a smart move to take some profit now, as, in addition, other metrics taken outside this page indicate that price movement is , at best, only 50% in favor of bull movement.


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