Fibonacci Retracement drawn from last months lowest low to highest high is playing a nice roll here.
50% level showed a very nice support level at Dec. 22nd bar, but is now being challenged again.
A closing below this level (10,411) and we are on our way to 61.8% (8,168) level. I will buy a bit above this level.
Pay also attention to 78.6% level (4,974) which was early September's high. It is now a major support level. If BTC reaches it, I will buy more a bit above it. A lot more.
50% level showed a very nice support level at Dec. 22nd bar, but is now being challenged again.
A closing below this level (10,411) and we are on our way to 61.8% (8,168) level. I will buy a bit above this level.
Pay also attention to 78.6% level (4,974) which was early September's high. It is now a major support level. If BTC reaches it, I will buy more a bit above it. A lot more.
