Support now flipped resistance, 1h EMAs bearish and holding BTC down.
Highlighted box is .65/.618 fib on my chart and seems to be holding as support.
No matter how much bullish fundamentals there are right now, I can't help but think we go down for a bit, maybe a retest of 40 - 42k?
IDK....
Highlighted box is .65/.618 fib on my chart and seems to be holding as support.
No matter how much bullish fundamentals there are right now, I can't help but think we go down for a bit, maybe a retest of 40 - 42k?
IDK....
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Hoping for something like this if the bullish scenario plays out. Would be nice to have a correction though and I hear everyone say it..but remember, corrections can be time based too. Sideways trading and indicators reset so I don't think a huge drop is on the cards.
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Update: