Updated:
"Bitcoin Scheme IV" adjusted to fib channel
"Bitcoin Scheme IV" adjusted to fib channel
Commento:
Zoom in to see the short-term structure in details.
Commento:
Touching the upper line of the narrow channel. It's a good chance for a correction OR sidetrend.
Commento:
Be aware of the fact that the current price ($6900) is on 0.382 level of fib channel retracement parallel rays facing down. As the price touches them, each level is designed to transmit a reversal signal up to red ray as the maximum possible price of rollback in accordance with the fractal configuration of the initiating wave.
Commento:
Fib 21 price sequence turned out to carry heavy resistance
Commento:
similar behaviour at top
Trade attivo:
Getting closer to the point of breaking the trendline
Commento:
