If you take a look at my chart, we had reached the 161.8% fib of the Grand Cycle wave 3. Usually this FIB offer big resistance.
For sure we go higher but we need to break 35k first to confirm a possible path to 54.5k where is the 216.8% fib.
Also Weekly RSI never stay at that point for more than 4-5 days. We already had a little correction last night.
Grand Cycle wave 1 was pretty strong which let me think that if we retrace from here.. those entry points can be great options :
0.382 : 22.8k
0.5 : 19k
0.618 : 15.3k
Always better to buy retracements than a possible top.
Best to you in 2021 !
Crypto_Mercy
For sure we go higher but we need to break 35k first to confirm a possible path to 54.5k where is the 216.8% fib.
Also Weekly RSI never stay at that point for more than 4-5 days. We already had a little correction last night.
Grand Cycle wave 1 was pretty strong which let me think that if we retrace from here.. those entry points can be great options :
0.382 : 22.8k
0.5 : 19k
0.618 : 15.3k
Always better to buy retracements than a possible top.
Best to you in 2021 !
Crypto_Mercy
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。