OMG - Will Surge Again 🚀
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Using this moving fibonacci ratios tool by BoneFunkenstein within this trend channel which has had a few touches.
Price has been getting quite touchy-feely with the lower white short range fib and fib 0 which show it is in the bottom of the fib channel and with the lower trendline approaching will probably see a reversal and another thrust upwards to continue the wave pattern. It might not of course and do something new, but it seems to be on the cards.
Whether there is a reversal in this area or a canter down to the trendline, or even a sharp fakeout below the trendline will also depend on the price action of BTC but most likely this will have a surge and if it makes a higher high there is a possibility I think it may go on to challenge ATH, but it could so just retrace so we'll see.
Lots of positive divergences I haven't drawn here also.
Not advice
Price has been getting quite touchy-feely with the lower white short range fib and fib 0 which show it is in the bottom of the fib channel and with the lower trendline approaching will probably see a reversal and another thrust upwards to continue the wave pattern. It might not of course and do something new, but it seems to be on the cards.
Whether there is a reversal in this area or a canter down to the trendline, or even a sharp fakeout below the trendline will also depend on the price action of BTC but most likely this will have a surge and if it makes a higher high there is a possibility I think it may go on to challenge ATH, but it could so just retrace so we'll see.
Lots of positive divergences I haven't drawn here also.
Not advice
Komen
OMGBTC impulsing up as BTC drifts sideways.It should be ready to rock whenever BTC bounces.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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