Fib levels to watch

10 Mar 2021

On the 2-4 hour charts the current fib levels are lining up well with the resistance we saw play out near the ATH (0.5 and .618). I would expect intraday resistance at these levels as we move up. We will likely see choppy price action between these fib levels. Assuming we break the resistance box soon, we could see a quick explosion in the btc price. I am cautiously long here but would not be surprised to see chop or a possible retest of the last support. use those stop losses people.