We have broken the range that we were in (monthly at 58.8k and daily at 56.3k)
We are now at the fib golden pocket and we have a lot of longs opening (indicating a higher probability of going lower)
If the fib golden pocket doesn't hold expect lower prices (at least low 50s)
If it holds and we reclaim the daily at 56.3k, look for the high of the range (monthly) again.
Any questions?
Good luck traders
Remember not to break your rules
Habib
We are now at the fib golden pocket and we have a lot of longs opening (indicating a higher probability of going lower)
If the fib golden pocket doesn't hold expect lower prices (at least low 50s)
If it holds and we reclaim the daily at 56.3k, look for the high of the range (monthly) again.
Any questions?
Good luck traders
Remember not to break your rules
Habib
