Still waiting for this downtrend to reverse, but not seeing anything yet to confirm. The vertical line is the expected bitcoin having.
Have my eye on 78.6 fib at 5400 which also corresponds to the 200 weekly MA (not shown). Would love to see a reversal from the current levels, but BTC seems pretty weak without strong continuation to the upside.
Worst case I think would be 4100 at the Apr 1st breakout. However, going this far below the 200 weekly MA does not seem likely.
Will be fun to see what happens. The monthly chart always looks so clear. I don't really trade I just look for areas of value to accumulate.
Have my eye on 78.6 fib at 5400 which also corresponds to the 200 weekly MA (not shown). Would love to see a reversal from the current levels, but BTC seems pretty weak without strong continuation to the upside.
Worst case I think would be 4100 at the Apr 1st breakout. However, going this far below the 200 weekly MA does not seem likely.
Will be fun to see what happens. The monthly chart always looks so clear. I don't really trade I just look for areas of value to accumulate.