Notice when bitcoin touches the yearly long channel "A" it drops on the average of 25%. After the first drop, BTC touches the channel once again "B" then drop to the support of the channel and the drop is on average 38%. Recently, it touches the top of the channel and drop 29% and now it touches the channel again "B' and I expected it to drop from there.
Technical Indicators
RSI
Previously, when it touches "B" RSI is around 80 before it drops. Right now, the RSI is around that range.
Fibonacci
Bitcoin is near the 1.618 level and I expect it to bounce off from there.
Technical Indicators
RSI
Previously, when it touches "B" RSI is around 80 before it drops. Right now, the RSI is around that range.
Fibonacci
Bitcoin is near the 1.618 level and I expect it to bounce off from there.