Another analysis with Fib-retrace showing BTC going down to 8400
BTC presently expected to double top at 0.618 level of longer-term trend.
Expect BTC to fall back to around 8400 at 0.618 level of shorter-term trend.
Analysis rejected if double top fails, and BTC goes higher beyond and shows strong support above 14k.
See also:
Expect BTC to fall back to around 8400 at 0.618 level of shorter-term trend.
Analysis rejected if double top fails, and BTC goes higher beyond and shows strong support above 14k.
See also:
Commento:
Explaination: The FSBGB indicator shows that historically, we have presently reached a local top corresponding to the FSBGB-levels where local-tops were logged during the stage of the bull-market from 2016 till April of 2017, before the "red" FSBGB-level was eventually breached.
Commento:
Link to indicator used:
