Bitcoin is showing a drop to the golden pocket (0.618) and support of the gaussian channel at the recent and current price action. This time I used the Heikin Ashi candles which are supposed to filer out some noise in the price action. If this data is correct then a bullish reversal should begin soon.
Also, a retrace to 1.618 is not possible if this target is not even on the Fibonacci chart. In a bear market the price action retraces to 1.618. We will see if the charts change after the new year.
Happy New Year!
Also, a retrace to 1.618 is not possible if this target is not even on the Fibonacci chart. In a bear market the price action retraces to 1.618. We will see if the charts change after the new year.
Happy New Year!
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New Year fibs populated at 8pm eastern time and more downside appeared.
Avange-Lina