Honestly I didn’t expect this to happen, but also I’m not that surprised. It’s been a tradition for the price to hit .618 fib extension of the previous high:
I’m still and I think that during 2019 we’ll visit the low 3 000 and possibly even sub 3K (I still have my bottom target of 1800) because:
1. Still in macro
2. My EW count is still valid ( currently in correction of the Nov-Dec dump)
3. The pattern looks like a
However if I’m wrong (BTC>5600) I’ll post an update with my thoughts and ideas.
Trade safe.
p.s. there will be good long setups for alts in the next couple of days.
Published at Tue, 02 Apr 2019 21:05:39 +0000
