Rejection Possible? (Dec 31st 2020)
Bitcoin/USD (December 31st 2020 through January 2021)
Low: $23,728
High: $30,400
This could be wrong, but I'm looking for some sort of 61.8% reaction and pullback around our current levels. If it happens, perhaps then the current fibs I have set up are correct, but I'm not too hopeful I'll be deadly accurate. Just keeping a watch :)
As always I try to attach my related ideas which give a little insight to my thinking process the last couple months and how I've come to the conclusions I have. One of the charts I attached below was kept private mostly because its probably going to be severely incorrect as a whole.
Here's that chart below. Please keep in mind most of the fibonacci ratios and elliott wave labeling is probably all wrong, but I felt that 30.4k was a significant level then as well.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Low: $23,728
High: $30,400
This could be wrong, but I'm looking for some sort of 61.8% reaction and pullback around our current levels. If it happens, perhaps then the current fibs I have set up are correct, but I'm not too hopeful I'll be deadly accurate. Just keeping a watch :)
As always I try to attach my related ideas which give a little insight to my thinking process the last couple months and how I've come to the conclusions I have. One of the charts I attached below was kept private mostly because its probably going to be severely incorrect as a whole.
Here's that chart below. Please keep in mind most of the fibonacci ratios and elliott wave labeling is probably all wrong, but I felt that 30.4k was a significant level then as well.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
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