Higher low at 42K?
If we follow up on the previous idea (go to last analysis) for now we have fully hit the Bottom at 42k.
If we confirm the Higher low at 42k, I believe that the Bulls can push back the price on the top of our wedge at at least 46 / 47K.
I used FIBONACCI to understand how the price could evolve proportionally, and it is very interesting to see the precision and harmony that Fibonacci manages to give, perfectly touching the resistance zone between 45 / 45.5K.
The next step using this tool is 50k odds and I believe there is a good chance.
What do you think?
If we confirm the Higher low at 42k, I believe that the Bulls can push back the price on the top of our wedge at at least 46 / 47K.
I used FIBONACCI to understand how the price could evolve proportionally, and it is very interesting to see the precision and harmony that Fibonacci manages to give, perfectly touching the resistance zone between 45 / 45.5K.
The next step using this tool is 50k odds and I believe there is a good chance.
What do you think?
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