Bitcoin did it again. It has retraces following the rules of price equilibrium. If you notice the cyan color zones were market long time before price had visited. What happened again at those zones? Price reacted.
Now, I am not really a big fan of Fibs, but again and again these levels had proved me wrong. Many traders use them as TPs, reason you see
price get to those Fib Extensions to the cent.
BTC broke our line of equilibrium and it has a the test to break thru the previous zone in order for more bulls to show up.
For now, I feel more optimistic than last week after the first crash.
Thanks to all comments, replies, and likes. Specially to my students who follow me and asked for my input in BTC.
Now, I am not really a big fan of Fibs, but again and again these levels had proved me wrong. Many traders use them as TPs, reason you see
price get to those Fib Extensions to the cent.
BTC broke our line of equilibrium and it has a the test to break thru the previous zone in order for more bulls to show up.
For now, I feel more optimistic than last week after the first crash.
Thanks to all comments, replies, and likes. Specially to my students who follow me and asked for my input in BTC.
