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BITCOIN - CRITICAL RESISTANCE COMING UP!
Bitcoin bounced from $10.3 which happens to be .618 fib of that wave.
It's now approaching $12.5 which is .236 fib and possible resistance AND where 1 of 2 scenarios could happen:
-SCENARIO A:
BTC breaks through this resistance (which I THINK THIS IS THE
LIKELY SCENARIO), it may make a move to 18.4K.
-on the 4H, would like to see the MacD cross
-the histo flip
-Fib EMAs are still fanned out AND MAY fan out even more.
-SCENARIO B:
If BTC shows resistance here it may fall to $9.3 (.786 fib)
It's now approaching $12.5 which is .236 fib and possible resistance AND where 1 of 2 scenarios could happen:
-SCENARIO A:
BTC breaks through this resistance (which I THINK THIS IS THE
LIKELY SCENARIO), it may make a move to 18.4K.
-on the 4H, would like to see the MacD cross
-the histo flip
-Fib EMAs are still fanned out AND MAY fan out even more.
-SCENARIO B:
If BTC shows resistance here it may fall to $9.3 (.786 fib)
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