Daily Bitcoin analysis Red dot on the 1D, but that might not be a big deal. Let's see what Bitcoin wants to do short-term. VWAP momo crossing to the upside, Wolfpack in the green curving slightly up. We bounced right off the 21D MA again, establishing it as a support so far. Technically right under the previous channel trend line, but maybe we're just working...
All this year, we were in an uptrend. Then we fell from 58 to 43, a correction, but that was not that much and was healthy for a continuation of the bull market. In that local downtrend, we bounced off of 43. In comes the fib retracement. Once we retrace .786, it starts to become probable of a reversal (of that specific trend that you're drawing the fib...