First attemp at fibo, and I'm amazed at how spot on the levels are on the daily chart. Interestingly, if you make the retracement end on April 7th, the diagonal acts as S/R. Additionnally, the infamous "death cross" seems to happen exactly on the .236 fib. Add to that a down cross from GodMode and you have something screaming "SODL". I'm placing buy orders near 6k!
Daily bounced like crazy, but it seems like we're not going for the 8.6k level yet.
So we have this long standing 4h trend going on for BTCUSD, which forms a sweet triangle ending approx tommorrow. Also, GodMode (I love this oscillator, thanks xSilas) on 4h is very good at predicting drops, as depicted here. More down to come. At least back to the lower triangle.
Plus, plenty of very intelligent people here calling for sub 8k because of the futures. Sticking my head out and committing to a prediction. Let's see how that goes!
Here are my thoughts on why it would go up. First, Roger Ver on interview again tonight. Second, looking at the dailies give us a good idea of the pattern with BCH lately. Third, BTC is now on a downtrend, so money is looking to flow elsewhere. It seems like it is XRP for the past 12 hours, but it switches between LTC, ETH, BCH, IOTA, etc. Fourth, magical...
Corrected the drawing so the volume circles are fixed