Since we had a pretty nice pull-back, there are now a few elements coming together for what Bitcoin might be setting its self up to do..
If we stay above the Fibonacci golden pocket, and keep bullish above the channel, then we are only fuelling up for another massive move towards the All Time High at $20,000
I have drawn a Parabola on the chart to emphasize what has happened every time the price action touched it.
Keep a close eye on the 13EMA and the 21EMA both on the daily time frame, these pose important support areas that we MUST hold.
if we fall below the Fibonacci golden pocket, an even bigger pull-back will be expected.. Lets hope it doesn't get that far
If we stay above the Fibonacci golden pocket, and keep bullish above the channel, then we are only fuelling up for another massive move towards the All Time High at $20,000
I have drawn a Parabola on the chart to emphasize what has happened every time the price action touched it.
Keep a close eye on the 13EMA and the 21EMA both on the daily time frame, these pose important support areas that we MUST hold.
if we fall below the Fibonacci golden pocket, an even bigger pull-back will be expected.. Lets hope it doesn't get that far