Limit buy at 5,850
Limit buy 5,100
Bitcoin is prone to 30% and 40% corrections specifically after small parabolic runs. Levels that I am closely watching are the 5,850 and the 5,100 which are 30% and 40% down from the last top.
Both of these levels coincide nicely with the fib retracements of the last move so I am expecting support at both of...
The price of Gold has been riding the orbit of my green fib circle upward until making contact with the light blue fib circle which is acting as resistance.
If we follow this trend we will have a short term sharp downward move before riding the green orbit back upwards!
SNBR has had a huge correction and is hurtling downward BUT a huge support via the Monthly EMA ribbon, the 0.78 fib retracement, and previous resistance and now potential support are being closed in on.
This may be a good chance to get a bounce off these supports at around $35
We are overbought on the Schocastic and are due for a correction on the weekly. The price of BTC is approaching the 50 weekly MA which lines up around 5,700 where BTC has seen a lot of previous support and resistance. I believe there is a good chance we bounce off the 50 weekly and retest support at the 200 weekly MA before gaining the momentum to break 6,000
Bitcoin is experiencing declining volume, bearish divergence along with a long term downward trendline. I believe this is a bearish rising wedge that will find the final bottom for bitcoin around mid April.