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BTC longterm fib channel
I fitted a fib channel that seems to capture a lot of pivot points.
Price action on the weekly can print a falling wedge. We might get a bull trap pump like in December 2019 followed by a black swan event at the end of year. This idea follows a previous idea i proposed in January.
RSI is in a downward trend and will breakout making everyone believe we found bottom, until it retest the descending trendline in a black swan event.
Price action on the weekly can print a falling wedge. We might get a bull trap pump like in December 2019 followed by a black swan event at the end of year. This idea follows a previous idea i proposed in January.
RSI is in a downward trend and will breakout making everyone believe we found bottom, until it retest the descending trendline in a black swan event.
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