On monthly basis, price has made a significant correction and is currently at the Fibonacci level of 0.618, which is the "Golden Ratio" for a price. The whole area from 2000 to 2150 is a huge demand zone for the buyers to accumulate in bits. The price will confirm it's change of structure above 2800 on a higher timeframe.
Anulowano zlecenie:
This idea for LONG has become invalid now since 1 weekly candle closed below the Fibonacci golden ratio of 0.618. We will wait for a fresh price action for a LONG trade.
