BTCUSDT, Pump after Consolidation
Current Idea is based on a theory that the Asset after a long lasting consolidation is pumping at least to the range of that Consolidation.
The range is between 1 to 0 Fibo levels, expecting area to reach is at -1 Fibo, now the price is below -0.5 Fibo level, retracement may happen.
As weekly candle closed strong I would check the area around the Middle of 1W candle for potential reversal up.
PS. That's my first shared Idea, wanna check how the mechanic works.
The range is between 1 to 0 Fibo levels, expecting area to reach is at -1 Fibo, now the price is below -0.5 Fibo level, retracement may happen.
As weekly candle closed strong I would check the area around the Middle of 1W candle for potential reversal up.
PS. That's my first shared Idea, wanna check how the mechanic works.