BTC nears decision pt 42k & 50% Fib Channel; where next?
BTC is forming a symmetrical triangle or wedge & is now trying to breakout upper wedge.
It already broke thru a downtrend line & the very thin Ichimuko Cloud. However, 42-43k zone is still a
big resistance where we saw a lot of selling in the past. Btreaking above we will see a retest of 46k.
Failure will see BTC retesting 33k.
Also BTC is now at the crucial 50% Fib Channel pivot. We shall see very soon if if it crosses or get rejected down.
For your guide only
It already broke thru a downtrend line & the very thin Ichimuko Cloud. However, 42-43k zone is still a
big resistance where we saw a lot of selling in the past. Btreaking above we will see a retest of 46k.
Failure will see BTC retesting 33k.
Also BTC is now at the crucial 50% Fib Channel pivot. We shall see very soon if if it crosses or get rejected down.
For your guide only
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