If you are not in a position right now then i would sit back and set some alerts and see what BTC gives .
Based upon a 1-1 Fib Ext I expect us to find our way up to 54300 ish level as seen in the chart for a 1-1 of the move , also a fib pull from the low to the high gives us the .618 so I think we can be rejected in this region which is something to pay attention to if you have no position and are looking to short . I would not be surprised to see the classic SFP around this level but I do not advocate shorting blindly here ... ensure you look for other confirmations to validate the entry .
On the other hand we claim the 54300 level as support and head up to print a new ATH over the coming days .
Of course we can also pull back right here at 52600 and you could find your long if the market offers this.
Whatever you decide to do ensure to have a Plan, that way your always prepared for the market . Any questions then Pls ask , Like and Follow to support my Analysis , it costs nothing to press the button but its greatly appreciated.
Based upon a 1-1 Fib Ext I expect us to find our way up to 54300 ish level as seen in the chart for a 1-1 of the move , also a fib pull from the low to the high gives us the .618 so I think we can be rejected in this region which is something to pay attention to if you have no position and are looking to short . I would not be surprised to see the classic SFP around this level but I do not advocate shorting blindly here ... ensure you look for other confirmations to validate the entry .
On the other hand we claim the 54300 level as support and head up to print a new ATH over the coming days .
Of course we can also pull back right here at 52600 and you could find your long if the market offers this.
Whatever you decide to do ensure to have a Plan, that way your always prepared for the market . Any questions then Pls ask , Like and Follow to support my Analysis , it costs nothing to press the button but its greatly appreciated.