Sorry for the lack of updates, been quite busy the past few days.
Anyways, BTC pushed up and rejected the golden fib very nicely dropping around 6-7% before bouncing off the 38.2% of the fib pulled from the low to the high of the move.
Right now, we are hovering around the weekly level at 34.7k and still rejecting the VWAP.
If BTC reclaims and stays above VWAP, we could head back to the golden fib and break it to the upside if there is volume, but for now, the target for the short is the low of the channel that we have been in for weeks at 30k.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Anyways, BTC pushed up and rejected the golden fib very nicely dropping around 6-7% before bouncing off the 38.2% of the fib pulled from the low to the high of the move.
Right now, we are hovering around the weekly level at 34.7k and still rejecting the VWAP.
If BTC reclaims and stays above VWAP, we could head back to the golden fib and break it to the upside if there is volume, but for now, the target for the short is the low of the channel that we have been in for weeks at 30k.
Any questions?
Good luck traders
Remember not to break your rules
Habib