Dikembe Mutombo Rejection VS Denis Rodman Rebound- Action #2
Hey, Tradingview and Twitter Buddies!
Thanks for the few of you that put that Like on those previous post. Here another funny tittle for this analysis.
Watching and trading BTC/USD-USDT is like watching a good old 90's NBA game with Mr. Mutombo and Mr. Rodman respectively known for Hard Rejection and Best Rebounder in the NBA back in the days.
Returning to Trading, you can see for yourself that beside 2 diagonal lines that have been added, the Golden Outlined Green Area called the "McAffeeSupport2020" (because of it's original prediction of 1Million by 2020) has been a significant area for the price of BTC; the Red Area has been respected almost to the Dollar for Top and Bottom Support, and the 2 Fibonacci Sequences have also been respected.
To cut things short, after the Bear-Mutombo Rejection around $10150 (Bottom of McAffeeSupport), we had that Bull-Rodman Rebound at $9700 (bottom of Red Area & Between 0.382-0.236 Green Fib). What making the action very entertaining is the breakout of the 0.618 Green Fib Level at $9886 to reach that 0.5 White Fib Level at $10248 where we seeing a little rejection at the moment.
Here is my analysis resulting from that move:
Breakout of $10569 and we go to back to $12526
Breakdown of $9463 and we go to back to $7969
Hope you liked it, let's stay tuned.
Be well fellows --->
#TheColorChartist #Neutral #NoFinancialAdvise #LearningTheMoves #DontGetReckt #TooMuchInfo
Thanks for the few of you that put that Like on those previous post. Here another funny tittle for this analysis.
Watching and trading BTC/USD-USDT is like watching a good old 90's NBA game with Mr. Mutombo and Mr. Rodman respectively known for Hard Rejection and Best Rebounder in the NBA back in the days.
Returning to Trading, you can see for yourself that beside 2 diagonal lines that have been added, the Golden Outlined Green Area called the "McAffeeSupport2020" (because of it's original prediction of 1Million by 2020) has been a significant area for the price of BTC; the Red Area has been respected almost to the Dollar for Top and Bottom Support, and the 2 Fibonacci Sequences have also been respected.
To cut things short, after the Bear-Mutombo Rejection around $10150 (Bottom of McAffeeSupport), we had that Bull-Rodman Rebound at $9700 (bottom of Red Area & Between 0.382-0.236 Green Fib). What making the action very entertaining is the breakout of the 0.618 Green Fib Level at $9886 to reach that 0.5 White Fib Level at $10248 where we seeing a little rejection at the moment.
Here is my analysis resulting from that move:
Breakout of $10569 and we go to back to $12526
Breakdown of $9463 and we go to back to $7969
Hope you liked it, let's stay tuned.
Be well fellows --->
#TheColorChartist #Neutral #NoFinancialAdvise #LearningTheMoves #DontGetReckt #TooMuchInfo
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