Price has so far respected my Bitcoin analysis to within a few cents. So long as we remain in this current bullish momentum, price should respect the designated retracement and expansion arrows.
The retracement level coincides with the daily wave's 38.2 fibonacci level, whereas the expansion target lines up perfectly with the daily wave's 61.8 golden ratio. These levels also coincide exactly with the H1 timeframe's 38.2 and 61.8 levels also, lending an extra dimension of poetic harmony to this price projection.
If we break further than the designated retracement arrow suggests, then we will re-evaluate and look for another entry into the market.
The retracement level coincides with the daily wave's 38.2 fibonacci level, whereas the expansion target lines up perfectly with the daily wave's 61.8 golden ratio. These levels also coincide exactly with the H1 timeframe's 38.2 and 61.8 levels also, lending an extra dimension of poetic harmony to this price projection.
If we break further than the designated retracement arrow suggests, then we will re-evaluate and look for another entry into the market.
Trade ist aktiv:
We've broken below the 38.2 fibonacci retracement level so no long positions taken yet. Waiting for price to give us a bullish signal, otherwise looking for bearish continuation patterns to form