Patterns repeating over and over.
In this look at
BTCUSD we are having another rally which should stop around the 34k level which in itself is a major Fibonacci number (34). This should start the last leg lower into 23k where we have the 1.618% extension from the last low.
If it manages to get through the 34k level and hold above there then 34k becomes the support then there could be a higher level to watch but for now this is how its playing out.
I hope this helps, updates coming with AI as we follow this move.
In this look at
BTCUSD we are having another rally which should stop around the 34k level which in itself is a major Fibonacci number (34). This should start the last leg lower into 23k where we have the 1.618% extension from the last low.If it manages to get through the 34k level and hold above there then 34k becomes the support then there could be a higher level to watch but for now this is how its playing out.
I hope this helps, updates coming with AI as we follow this move.
Comment
The rally hasnt been as strong as expected so this gives us feed back that we could be headed lower and not make the 34k level. A couple of critical turn points today that will set us on our way.
Comment
We have broken through the original levels now targeting 21100-20k.
Below there opens up the possibility of the 13k area.
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