KNC has very strict behaviour from it's respective market makers in terms of respect to most traditional technical indicators
If the regression channel doesn't allow for a major move to the upside (and if bitcoin can continue ranging)
I could see a tap on the fibs lowest level to initiate a move to re-test demand the local low set a few days back during terra...
Cutting majority in this range here (30.4k - 31k)
Can definitely go higher as indicated in the fractal but I'm content cutting 60-80% of position in that range--
Given the high potential of a local low re-test at any time from a news driven event or devious mm's - rest rides
add lower above last add (28.6k)
Ideally hold above 29.3k while adding to keep fractal...
Bitcoin typically chops in a small range after a down move like that
Would make sense if it gently walks itself into 1, 2 or 3 resistance line instead of driving hard to it
then price can directionally pivot from there with volume
20 some odd days if price is at top of range
40 some odd days if price is at bottom of range
