Forwarded from Zvn’s Charts
If this is an especially deep retracement, 7.3k (0.236 and 0.618 confluence) should be expected, that would be a 50% retracement from the top.
https://twitter.com/opchecksig/status/1144303667073507333
https://twitter.com/opchecksig/status/1144303667073507333
Twitter
Zavan
$XBTUSD 1D 1st image: Every major correction of the previous bull market retraced btw 30%~40%. 2nd image: Lots of lines, lots of colors but stay with me. Notice the fib confluence in the 9.8k. Notice how a 30% retracement from top = 9.8k (0.382) & a 40% one…
Zvn’s Charts
If this is an especially deep retracement, 7.3k (0.236 and 0.618 confluence) should be expected, that would be a 50% retracement from the top. https://twitter.com/opchecksig/status/1144303667073507333
The main take away: bottom between 8.5k & 9.8k if this is a regular retracement like the ones on the previous bull market, or 7.3k if this is an especially deep retracement.
Divergences, especially on volume, should help you find out the possible bottom.
Divergences, especially on volume, should help you find out the possible bottom.
Forwarded from Zvn’s Charts
Note: not the same fibs as the previous 1D charts, this one accounts for just the last leg of the bull run.
https://twitter.com/opchecksig/status/1144346691878969344
https://twitter.com/opchecksig/status/1144346691878969344
Twitter
Zavan
$XBTUSD 4H Possible temporary bounce on the trendline/50%
Forwarded from Zvn’s Charts
Twitter
Zavan
$XBTUSD 1H Update. Support.
Forwarded from Zvn’s Charts
Twitter
Zavan
One way of seeing this.
Zvn’s Charts
If this is an especially deep retracement, 7.3k (0.236 and 0.618 confluence) should be expected, that would be a 50% retracement from the top. https://twitter.com/opchecksig/status/1144303667073507333
9.8k (30%, fib confluences) dip completed, I'm long for a swing trade.
This *may* be it, but I wouldn't be surprised if it wicks down to 8.5k on the daily and I do have some more bids down below.
This *may* be it, but I wouldn't be surprised if it wicks down to 8.5k on the daily and I do have some more bids down below.