Fib retracement may be moving toward a free fall. Hopefully some huge bulls get on stage and rock the Cashbah.
Up top there has been alot of support building, but between from 6500 - 11500 there is very little.
If the price first breaks the plotted bullish trendline, i believe we will see price actions down to 6500 or thereabout.
Fib retracement on a bigger chart (200 $ to 20k $) shows the red zone begins close to 6500, so kind of scary.
This is only for learning purposes, so if something seems wrong please correct.
Best Regards,
Up top there has been alot of support building, but between from 6500 - 11500 there is very little.
If the price first breaks the plotted bullish trendline, i believe we will see price actions down to 6500 or thereabout.
Fib retracement on a bigger chart (200 $ to 20k $) shows the red zone begins close to 6500, so kind of scary.
This is only for learning purposes, so if something seems wrong please correct.
Best Regards,