UnknownUnicorn2074184

BTC - Short term Bullish; Long term Bearish

BITMEX:XBTUSD.P   Bitcoin
Swing high making higher highs, looking for a short term retrancement down to the 61.8%-78.6% Fibonacci zones. Predicting a bounce back up to the main bearish trend line formed from previous Higher Lows.

2 Fib zones are highlighted:
  • Green zone is based on the 4H at a longer term projection
  • Blue zone is looking at the 1H shorter term projection
評論:
Triangle was broken and dropped down to the blue fib zone, expecting either a lower drop down to the green zone or a bounce back from the blue zone to the confluences at the main Chinese dragon trend line
評論:
61.8% on the Green Zone reached, looking for a reversal towards the Chinese-Dragon trendline
評論:
Huge manipulative spike upwards after the 61.8% Green Zone Fibonacci level reached
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