BTC had a good but not great closure on the weekly time frame.
I still standby my analysis from earlier this week. Expecting a move to 29k(over head fib) with a minimal rejection before pushing to red box of resistance at roughly 40k. Then a rejection down to 30k/29k before the pump to everyone’s favorite fib level the almighty .618 which also correlate’s with a trend line.
The question is, if this move comes through will it be a lower high on the weekly/monthly time frames or volume floods in and we make a move to challenge ALL TIME HIGHS!!
What’s everyone think?
I still standby my analysis from earlier this week. Expecting a move to 29k(over head fib) with a minimal rejection before pushing to red box of resistance at roughly 40k. Then a rejection down to 30k/29k before the pump to everyone’s favorite fib level the almighty .618 which also correlate’s with a trend line.
The question is, if this move comes through will it be a lower high on the weekly/monthly time frames or volume floods in and we make a move to challenge ALL TIME HIGHS!!
What’s everyone think?