Using this moving fibonacci ratios tool by @BoneFunkenstein within this trend channel which has had a few touches.
Price has been getting quite touchy-feely with the lower white short range fib and fib 0 which show it is in the bottom of the fib channel and with the lower trendline approaching will probably see a reversal and another thrust upwards to continue the wave pattern. It might not of course and do something new, but it seems to be on the cards.
Whether there is a reversal in this area or a canter down to the trendline, or even a sharp fakeout below the trendline will also depend on the price action of BTC but most likely this will have a surge and if it makes a higher high there is a possibility I think it may go on to challenge ATH, but it could so just retrace so we'll see.
Lots of positive divergences I haven't drawn here also.
Not advice
Price has been getting quite touchy-feely with the lower white short range fib and fib 0 which show it is in the bottom of the fib channel and with the lower trendline approaching will probably see a reversal and another thrust upwards to continue the wave pattern. It might not of course and do something new, but it seems to be on the cards.
Whether there is a reversal in this area or a canter down to the trendline, or even a sharp fakeout below the trendline will also depend on the price action of BTC but most likely this will have a surge and if it makes a higher high there is a possibility I think it may go on to challenge ATH, but it could so just retrace so we'll see.
Lots of positive divergences I haven't drawn here also.
Not advice
Next video Saturday 22 June๐ผ.
Hodlers assume an obvious next wave up but will there be a sting in the tail๐.
Deep analysis - I keep the juicy details for my clients.
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Hodlers assume an obvious next wave up but will there be a sting in the tail๐.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month ๐๐ป.
Contact: t.me/dRends35
It should be ready to rock whenever BTC bounces.