Looking at the previous market cycle:
We see that fib 0.382 is first resistance then support, as BTC climbs out of the bear market.
We will be trading within the confines of the 0.618 and 0.382 for some time, so a nice wick to the down side is possible but unlikely.
We see that fib 0.382 is first resistance then support, as BTC climbs out of the bear market.
We will be trading within the confines of the 0.618 and 0.382 for some time, so a nice wick to the down side is possible but unlikely.
