If the rally at the 61.80% fib level does not rally hard enough we will certainly see a farther downturn. There is a coronavirus cure being talked about and trials in Australia start at the end of March. China is already using the HIV and Malaria drugs to combat the respiratory symptoms people have with success. However, it takes a long time for drugs to go...
This hammer looks to be coming to an end with a bullish engulfing on the day chart for the day prior and a doji on today. Looks like we will go sideways in the 4400-4300 range for hopefully a week and give us all a minute to recoup those small losses in alts. BTC is making a large indication to the downside at the moment but I believe will hold 4k until December...
I stand by my previous prediction for December 1st and my long term analysis of BTC for March , but I did not expect such a large over reaction from traders to the downside. This is clearly because inexperienced traders are still making the same mistakes they were making a year ago(FOMO, HODL, Bag holders, the fake BTC moon articles and any kind of pro crypto...
I mapped out fibonacci retracement lines and found that strong support at 5800 from back in November 2017. I assumed this was a critical support that if broken would lead to a sharp down fall. My previous expectations were met this summer June/July/August as I plotted key points in the previous months (April,may) with no real indication of a strong support which...