closing
Bitcoin
BTCUSD- Prices will go down, please be careful!
by Miles-the-Cat
yesterday
5
1
yesterday
A close (preferably on the 4-hour timeframe) below the blue fork line will confirm that the blue fork C is in play and point to a Fibonacci based target at ~84k (0.618 retracement).
If the first target at 84k is reached, this will technically activate the larger C fork (red) and a close below the red fork line will indicate further decline to ~77k (0.618 retracement).
Coincidentally, this would fill the CME gap. Historically, almost all CME gaps have been filled.
If this happens, 77k would be a great place to open some long trades on both BTC and
#MarketDownturn Also alternative currencies.
