Confluence of fib, support and cloud in Bitcoin daily and 4 hour
This is my first idea. I'm not a trained anything and you should take this information as entertainment, not advice.
Just noticing a confluence of events.
1. On the 4h we're looking to move to the top of the cloud
2. Which coincides with horizontal support (purple dotted line)
3. Fib .382 retracement level
4. bottom of daily cloud.
Are we headed into the purple circle?
Just noticing a confluence of events.
1. On the 4h we're looking to move to the top of the cloud
2. Which coincides with horizontal support (purple dotted line)
3. Fib .382 retracement level
4. bottom of daily cloud.
Are we headed into the purple circle?