I personally think we are ranging here or will move up rather than move down (short-term)
market has already priced-in bad economic numbers and even be aware that recession is inevitable #BTC $eth #Crypto
Do not forget that we have been down 60%+ since Jan without any significant pullbacks #BTC
while majority on social media is bearish
#wordsforthought#eth#crypto
#Bitcoin’s 20-week and 100-week moving average just confirmed a bearish crossover last Sunday.
It accurately called the 2015 and 2018 macro bottom within a week’s range.
FIBONACCI RETRACEMENT AND EXTENSION 📈
1 picture: Fibonacci Retracement, must be draw from the HH of the MS to the LL. Is used for determinate your entry in based on levels.
2 picture. Fibonacci Extension, is used to take profits. Is drawn from the downs to the top.