Uptrend Fibonnacci's:
Yellow Fib: Current Support to 2nd Resistance Zone
Blue Fib: Current Support to 1st Resistance Zone
Downtrend Fibonnacci's:
Red Fib: 1st Resistance Zone to 2nd Support Zone
Cyan Fib: 2nd Resistance Zone to 1st Support Zone
Analysis:
I hate to hop in on positions that are being highly discussed. On the last markup of my page I said that it will test the support in which it did. I also said that it could bounce back down to historic lows. It still could but I don't think the hype will calm down. Doge is on a hotstreak but BTC will still hold supreme in this era.
Price is currently in the 1st support zone. Usually around this area, price either dips further or it bounces up right away. It's a matter of when at this point. As previously stated, price could also test the 2nd support zone before shooting back up to test the 1st or 2nd resistance zone. I hope it breaks the 40's and continue to go up. Im HODL
I use the 61.80% & 100% spots of the Fib because I feel that those are key spots for retracements.
Strike Prices:
36329 - 41801 within a week or 2.
Yellow Fib: Current Support to 2nd Resistance Zone
Blue Fib: Current Support to 1st Resistance Zone
Downtrend Fibonnacci's:
Red Fib: 1st Resistance Zone to 2nd Support Zone
Cyan Fib: 2nd Resistance Zone to 1st Support Zone
Analysis:
I hate to hop in on positions that are being highly discussed. On the last markup of my page I said that it will test the support in which it did. I also said that it could bounce back down to historic lows. It still could but I don't think the hype will calm down. Doge is on a hotstreak but BTC will still hold supreme in this era.
Price is currently in the 1st support zone. Usually around this area, price either dips further or it bounces up right away. It's a matter of when at this point. As previously stated, price could also test the 2nd support zone before shooting back up to test the 1st or 2nd resistance zone. I hope it breaks the 40's and continue to go up. Im HODL
I use the 61.80% & 100% spots of the Fib because I feel that those are key spots for retracements.
Strike Prices:
36329 - 41801 within a week or 2.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.