Bullish Pattern forming on BTC,
Currently bounced on 0.5 Fib retracement level from previous high to low which also coincides with the 50 MA on the weekly .
The top of the white box is the 0.5 Fib the bottom is the 0.618 , I am expecting this area to be a buy zone for a side ways movement,
We can also see that 10500 mark - blue resistance line - forming a neck line to the whole pattern that ones broken to the upside the measure move of the pattern will send us towards the 14000 levels in the long term
Currently bounced on 0.5 Fib retracement level from previous high to low which also coincides with the 50 MA on the weekly .
The top of the white box is the 0.5 Fib the bottom is the 0.618 , I am expecting this area to be a buy zone for a side ways movement,
We can also see that 10500 mark - blue resistance line - forming a neck line to the whole pattern that ones broken to the upside the measure move of the pattern will send us towards the 14000 levels in the long term