Levels and Price projections for BTC
So far we did not lose 12.618 fib and a level on a daily close. If that happens, there is a few stuff pointing us to around 15K for start.
1. Fibr Price Projection pattern fibs are 6.618, 9.618, 12,618, 16.618, 22,618... There if we lose 12.618 there is a big probability that we will retest at least around 9.618, and then if that happens, we need to see do we hold and gain something, or continue losing support.
2. 2-day Time Frame has multiple drives of Berish divergence on RSI (I know most of us don't like it, but the divergence is something I see big statistical win rate, so I am looking at them). And Volatility is coming up, so statistically speaking we have around 69% chance to test around 15K (and possibly lower).
3. 5-day stochastic will turn down today if we don't close above 21900+-, and it will fire a similar signal as 2 days, with a similar downside expected (in bigger and of statistics we could see even 12K+-)
Don't forget, we can fix all of this f we gain level to the upside I put the yellow box on. It needs to close daily, and I would prefer an even higher Time Frame so we can see up the trend again, fill the gap on CME and do some stuff. And this means, that nothing is 100% certain so be safe, whatever you do and whatever you expect, I am just bringing up some statistics from the past.
This is not financial advice, DYOR, I am just bringing what I see on the chart and my personal opinion, with a bullish and bearish scenario.
1. Fibr Price Projection pattern fibs are 6.618, 9.618, 12,618, 16.618, 22,618... There if we lose 12.618 there is a big probability that we will retest at least around 9.618, and then if that happens, we need to see do we hold and gain something, or continue losing support.
2. 2-day Time Frame has multiple drives of Berish divergence on RSI (I know most of us don't like it, but the divergence is something I see big statistical win rate, so I am looking at them). And Volatility is coming up, so statistically speaking we have around 69% chance to test around 15K (and possibly lower).
3. 5-day stochastic will turn down today if we don't close above 21900+-, and it will fire a similar signal as 2 days, with a similar downside expected (in bigger and of statistics we could see even 12K+-)
Don't forget, we can fix all of this f we gain level to the upside I put the yellow box on. It needs to close daily, and I would prefer an even higher Time Frame so we can see up the trend again, fill the gap on CME and do some stuff. And this means, that nothing is 100% certain so be safe, whatever you do and whatever you expect, I am just bringing up some statistics from the past.
This is not financial advice, DYOR, I am just bringing what I see on the chart and my personal opinion, with a bullish and bearish scenario.
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