This 4-hour chart shows possible price/time levels for BTC for the month of April 2018, based on Fibonacci analysis (see my earlier posts). I'm expecting the market to establish a top somewhere on the pink segment on the blue line (with the red pointers down). Possibly such a top will be established through a very quick short squeeze with a cap, just to establish a market top on the charts of all time frames, in order to keep the system Fibonacci "clean" for all big market players with automated bot trading.
From there I would expect a slow grind down, in accordance with weekly and monthly bearish indicators. Until a much lower bottom may be set somewhere
perhaps in June.
Good luck trading.
From there I would expect a slow grind down, in accordance with weekly and monthly bearish indicators. Until a much lower bottom may be set somewhere
perhaps in June.
Good luck trading.
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Market is very weak. I think it is just a matter of time when we break support and go substantially lower.
It is all Fibonacci.
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It is all Fibonacci.
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