Fib Confluence At Key Levels: Interesting Zone to Watch
7400-8400 has been a key zone of support and volatility. If we break here, it could be catastrophic for the momentum.
Traders are expecting a big wick to the upside/downside. As we head into Thanks Giving, I think there's a chance we just trade sideways for a while.
I could see us having a slow grind up heading into the halving. Based on the historical context, the months leading up the date have been associated with positive price action.
This fib confluence doesn't materially mean anything, but I think it would be an interesting zone to watch. I'm looking for an opportune time to take out a leverage trade somewhere in this region.
Good luck everyone.
Traders are expecting a big wick to the upside/downside. As we head into Thanks Giving, I think there's a chance we just trade sideways for a while.
I could see us having a slow grind up heading into the halving. Based on the historical context, the months leading up the date have been associated with positive price action.
This fib confluence doesn't materially mean anything, but I think it would be an interesting zone to watch. I'm looking for an opportune time to take out a leverage trade somewhere in this region.
Good luck everyone.
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