Looking like BTC has finally worked itself out here, for the past few days now there has been immense selling pressure, the volume has been large and btc slowly bleeding failing to hold any lower tf levels, zooming out we have a final fibb retracement that seems to be stimulating price, on the lower timeframe (1hr) i have witnessed a deep downward countertrend crippling price, we had one fake out from this channel and volume was low, so we continued lower, however we have slowly worked out of this channel which for me could be a good sign, we have retested, we are at 78.6% seems it could be bottoming here for another leg up, get ready. lower tf channel:
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Had a nice move to 40k...
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BTC - solid move yesterday, shows that is proably being manipulated at this time. but within ranges. using emotion to drive traders out of their positions and give up their btc, at these times zooming out and trading swings is best bet, . yesterday move was mad, from that bottom i posted all way short of 40k. shame we didnt breach it, if, btc turns around and starts to climb towards it again i feel we may break it this time... time will tell. lets see how price is around this area of support again. Within this chart is the fibb retracement from yesterdays move, it has tried to move lower, but brought up hence the hammer type candle formation. this could be a final test before hammering to and over 40k. let us prey
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Power of accurate fibbonacci retracments. lets see 40k please...
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40k done! taking profits :)
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We are finally at the first target after some grinding upwards...
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*Targets for original idea: The above comments were intraday trading entries and profit taking.
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3rd target hit on the original fibb retracement... 22%+ no leverage. (we use leverage :) )
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Back at 3rd target....
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Final target complete :)
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