How long will it be before BTC gathers enough momentum to break through Fib 61.8% ?
Or will it give up and drop lower so people can accumulate at a lower price?
I thought crypto would be soaring, now that the U.S. Petro Dollar is coming under attack from Russia, India and China. If they go ahead with their plans to dump the dollar, a lot of USD will come flooding back to the U.S. to cause inflation. But that hasn't happened (yet).
Or will it give up and drop lower so people can accumulate at a lower price?
I thought crypto would be soaring, now that the U.S. Petro Dollar is coming under attack from Russia, India and China. If they go ahead with their plans to dump the dollar, a lot of USD will come flooding back to the U.S. to cause inflation. But that hasn't happened (yet).
Note
13 attempts to cross the Fib 61.8% wall has failed. It's almost as if someone doesn't want BTC to take off, right now. As soon as it peaks a look above 68.1, someone hammers it back down so it closes below the 61.8% wall.
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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.