Math is everything

Numbers don't lie...

If we look at a bigger picture... The bull run started on 14.09.2017 at the price of 2900... The ATH was on 17.12.2017 an almost 20k...

So first, the bottom on 06.02 is a retracement to FIB LEVEL 0.786 from ATH
The next high on 05.03 is a retracement from that low (06.02) to around FIB 0.382
The next low on 18.03 is a retracement from 05.03 high at FIB 0.786
The last high on 21.03 is a retracement from 18.03 to around FIB 0.382
Yesterday low is a retracement from 21.03 high at FIB 0.786

If we folow this, the next high is around FIB 0.382 from yesterday low somewhare around 8.200

And after that... Who knows!!!

Yorum:

Today didn't start well but if this is lowest it can get, the 8.200 target is still valid...

On the 1h chart we have a massive RSI divergence, so it all suggests we can go upward...

But remember, we are on a bearish downtrend so I suggest not to trade as long as we don't see a breakout to the upper