There are 2 scenarios:
- First scenario:
> we have a bull run to fibonacci level 0.382 (~$14000), which is also our resistance line
> after that we retest fibonacci level 0.786 (~$8000), which is also our support line
- Second scenario:
> bull run to fib level 0.5 (~$12000)
> retest fib level 0.786 (~$8000)
note:
> support area is between $7500 & $8000
> calm down and do not FOMO, should we get under $8000
Good luck!
- First scenario:
> we have a bull run to fibonacci level 0.382 (~$14000), which is also our resistance line
> after that we retest fibonacci level 0.786 (~$8000), which is also our support line
- Second scenario:
> bull run to fib level 0.5 (~$12000)
> retest fib level 0.786 (~$8000)
note:
> support area is between $7500 & $8000
> calm down and do not FOMO, should we get under $8000
Good luck!
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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.
Related publications
Disclaimer
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.