Disregarding the wicks forms a nice channel that we are in. We have been respecting the fib retracement to a T. Hoping we can stay in this channel for a move up. If BTC fails down i would expect this to also breakdown...Thoughts?
We wicked off the channel and have proceeded to rise. Now we need to back test the support for a run to the up side. we will find resistance at the 50% fib line that we havent been able to break 2 previous times. If we break this i would expect higher prices. I'm Not a financial adviser, make your own decisions....Thoughts?