What up guys, sorry for being MIA lately i've been busy with school work.
While looking at the BTCUSD chart I noticed that each lower high correlates with the 0.61 fib. After reaching this level price goes down to 6k support before repeating the process over again..
0.61 fib level is indicated in teal.
If this continues, the next lower high should be at or around $6,921.
Lets see if the trend continues to bounce off the notorious .61 fib resistance. Lets hope I'm wrong and price breaks through the ascending triangle so we finally get an altseason!!
Please like and comment it would be much appreciated!
While looking at the BTCUSD chart I noticed that each lower high correlates with the 0.61 fib. After reaching this level price goes down to 6k support before repeating the process over again..
0.61 fib level is indicated in teal.
If this continues, the next lower high should be at or around $6,921.
Lets see if the trend continues to bounce off the notorious .61 fib resistance. Lets hope I'm wrong and price breaks through the ascending triangle so we finally get an altseason!!
Please like and comment it would be much appreciated!