Confluence could be lining up

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This fib that I have pulled is purely speculative. It doesn’t have any merit other then it lining up with the price action and where (I think) price will go.

However it does line up with the death cross coming on the 4hr and the 200 MA (the yellow line) meet the fib at 7,600. Obviously purely speculation but I’m seeing these levels have more and more confluence stack up. Who wants some cheap bitcoin?

١٨ أغسطس ٢٠١٩

ملاحظة

The 4hr 21 MA (10,200) is also acting as resistance. 4 hour blood diamond printed on market cypher a few hours ago but could have already played out.

١٨ أغسطس ٢٠١٩

ملاحظة

Really just looks like a bear pennant. Extrapolated target 8,000ish 8,500 seems like a happy medium with the fib and gap fill etc.

١٨ أغسطس ٢٠١٩

ملاحظة

The 21 MA just crossed the 50

١٨ أغسطس ٢٠١٩

ملاحظة

Volume is loooooow we’re at the apex of this wedge, shouldn’t be much longer till we get a decision

١٨ أغسطس ٢٠١٩

ملاحظة

4 hr macd bullish cross about to occur. This may all not even play out