Can see Bitcoin falling here to the 0.618 fib retracement as before and bouncing at the uptrend line. There does seem to be a bearish RSI divergence on the daily chart. IMO this provides a reasonable entry point but of course, adequate personal risk management must be undertaken.
I am NOT a financial advisor.
This is as much for my future reference as anything...
In my opinion, IVR is representing an entry point using Fibonacci retracements with capital left to add further dips. Current R:R at $3.97 is around 1:3.8
High guys, I am pretty new to mapping graphs but these were some of my thoughts. For us bulls we really want to see that $5.14 level to be recovered otherwise defined support levels are weak, however, I think in the long term this stock is great. I would love new inputs. Please help a guy out and let me know how I can improve my graphing
