Bitcoin buy zone
Heres my bitcoin buy zone.
Lots of confluence with fibonacci mappings from the recent swing low (0.618 zone), but then also if you take the swing low of the lows of ~17k (this aligns with the 0.382 zone).
Clear diagonal support area here that has served well as support, do we potentially see it wick down to support once more, or bounce from the horizontal support, before continuing up.
Need to entertain the idea that this diagonal support could fail if tested again and that we could continue as a range.
Lots of confluence with fibonacci mappings from the recent swing low (0.618 zone), but then also if you take the swing low of the lows of ~17k (this aligns with the 0.382 zone).
Clear diagonal support area here that has served well as support, do we potentially see it wick down to support once more, or bounce from the horizontal support, before continuing up.
Need to entertain the idea that this diagonal support could fail if tested again and that we could continue as a range.
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