My idea about NANO. Based on Fib Retracement and Extension we might hit the 0.618 levels in either indicators.
I predicted a while ago that BTC to go down to early 40k levels to continue its run to the 6k levels. Today we saw lower 42k levels for a brief moment. Before making new ATHs, I am expecting the price to move around 40-42k levels in the following days. Not investment advice.
This chart is a swing-low-away from a triple top formation. Volume is decreasing since the first and the second peaks. RSI level also shows a loss of momentum on the same price levels. Not investment advice.
Here is my strategy: First of all, since the last pullback in early January, Volume has been decreasing even though we saw higher highs almost every week. I think this situation calls for a bigger correction than we have been seeing in the past two weeks. The last structural level that is under the recent low price ($47k) is $41.986 indicated by the yellow line....
A triple top pattern followed by a red candle indicates a trend reversal. Not investment advice.
The bearish price action respects the levels of Schiff's Pitchfork from 62.6k to 51.2k. FIB Retracement from the same prices shows that 45.5k is the 100% level which is the first destination for the current price action. The yellow line at 41.99k is the highest point on January 8th which, I assume, will serve as the hard support level. I draw my purple box as...