Bitcoin

236 Fib Circle rejection AGAIN. I warned you about this earlier

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In a post at the beginning of the month, I warned about a RED start to the month.
OK, we reached a New ATH first lol...But look where we are now !
My exact words were "Past October closes are 10 Green to 4 Red, so the Odds are we will see another Green October close, though it may not be a large candle.
InFacr, there are a few charts that point towards a Red start till around Second week, 12th - 15th October.
This of course can change but it maybe worth understanding that we may get a bloody month start."
Look at the Arrow on the chart. That Red Arc is a 236 Fib circle....
Anyway, so now ?
We are not at that date range for recovery yet but Monday may be positive But CAUTION is a MASSIVE idea.
We have currently bounced off the 5.382 Fib extension and are noe just above the 5.768 BUT also just under a line of resistance. WE NEED TO GET OVER THAT

One thing that points to a possible range here ir, at worse, further Dips is that the Daily MACD has only just turned BEARISH
istantanea

The 4 hour has reached OVERSOLD now and so we may see some support coming in on a short term

The Daily RSI is Low but maybe not low enough to support a sustained move higher though it can rise and Range high

We need to WaTCH CLOSE AND SEE WHAT HAPPENS OVER THE NEXT 7 DAYS

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