BTC/USD - Monday Volatility (Fib. Retracement)
Hello friends!
This is an update of a previous observation on the volatility of Bitcoin (BTC) on Mondays. I've highlighted the events with yellow boxes.
I'm expecting the price to retrace from the current level (8900.00) to the 0.618 Fibonacci Level. The retracement should happen during this weekend, followed by a bounce on the mentioned Fib. Level on monday.
I personally do not trade this idea since i don't want to trade against an obvious trend - but i consider to add more to my position once we hit the buy zone (green box).
Let me know what you think!
cheers,
cryptobuller
This is an update of a previous observation on the volatility of Bitcoin (BTC) on Mondays. I've highlighted the events with yellow boxes.
I'm expecting the price to retrace from the current level (8900.00) to the 0.618 Fibonacci Level. The retracement should happen during this weekend, followed by a bounce on the mentioned Fib. Level on monday.
I personally do not trade this idea since i don't want to trade against an obvious trend - but i consider to add more to my position once we hit the buy zone (green box).
Let me know what you think!
cheers,
cryptobuller
Strategies, Insights & Education: t.me/KOLAcademy
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