So the last SHITTEST TA actually turned about pretty good. The bottom was almost smack bang on the fib prediction!
Im using the same FIB levels to try and identify future support now and aiming to see bitcoin settle now between .23 and .38 fib for awhile. WHILST this is consolidating, alts should have a chance to follow in pursuit, which we are getting a taste of now.
I want btc to drop back down to the .23 fib level though jus to prove a support there then begin climbing once more. If it cant prove support there, then the bears will take over for sure.
SHIT ON A STICK ladies and gentleman, get ready to have your minds blown and wallets emptied ;)
Im using the same FIB levels to try and identify future support now and aiming to see bitcoin settle now between .23 and .38 fib for awhile. WHILST this is consolidating, alts should have a chance to follow in pursuit, which we are getting a taste of now.
I want btc to drop back down to the .23 fib level though jus to prove a support there then begin climbing once more. If it cant prove support there, then the bears will take over for sure.
SHIT ON A STICK ladies and gentleman, get ready to have your minds blown and wallets emptied ;)
Note
Reached first peg, now wait to see if it drops back slowly to 9.3k to prove support. OR keep climing, either way I'll be happy.Note
Great, might see it turn around here and finally test for a new support. All is well, do not panic, this is the shit on a stick. It simply cannot fail.DISREGARD SAME AWKWARD COMMENT IN THE COMMENT SECTION... I fucked up there..
Note
Sweet, there you go. Didnt end up testing for new support on fib but it may have found it higher at around 9.6-8K. Shit prevails again!Note
This blasted past my expectations and decided to shoot straight without testing .2 fib much.
NOW RSI looks to show a small downturn coming up however... MACD is preparing for something big. Either that or a consolidation for a while similar to previous dance around .38 fib.
EITHER WAY, if it goes up that is good, if it doesn't and consolidates, alts will look for catch up opportunities.
Shit on a stick but now at the .38 fib
Note
Pretty safe to say now that this is new support. Play with the bounces now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.