BTC, 4hr chart, using fibonacci circles, and trend-based fib extentions. Looks like we have a likely chance to close the 4hr candle above the .5 TBF, which should help us gain support as we used the same line as resistance 10 days ago.
Should this happen, I see BTC pushing up to $9900, and then correcting slightly back to the .5 TBF, until we get to the 4.236 circle fib (purple, 2nd to outside circle line). From here, we will have to reassess, but I'm not thinking we are going much higher before a significant drop.
Should this happen, I see BTC pushing up to $9900, and then correcting slightly back to the .5 TBF, until we get to the 4.236 circle fib (purple, 2nd to outside circle line). From here, we will have to reassess, but I'm not thinking we are going much higher before a significant drop.