Potential double bottom forming for Bitcoin?
We just broke through resistance at the 618 fib level with a slight increase in volume.
I expect a retest of that level (yellow) over the next hour or so.
If it holds, we might continue to climb towards resistance at the neckline around 40k.
A break of that level should take us to 42.2. Or... bitty keeps dumping and we all continue to catch knives.
Who knows :)
We just broke through resistance at the 618 fib level with a slight increase in volume.
I expect a retest of that level (yellow) over the next hour or so.
If it holds, we might continue to climb towards resistance at the neckline around 40k.
A break of that level should take us to 42.2. Or... bitty keeps dumping and we all continue to catch knives.
Who knows :)
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