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$BTC Fibonacci retracement levels will always be one of my favourite tools to use.
They work so well on any timeframe. Especially the .618 tends to see a solid reaction on the higher timeframes.
If you can then find confluence with other tools or indicators you usually get a good idea of where to expect bounces.
This high timeframe area was one of those.
Still yet to see a proper bounce of course, but at least the down trend has stalled here for now.
I still remember when one of my friends wanted to buy $DEXE . I discouraged him and told him only one thing to stay away from this coin.
$DEXE was one of those projects whose price was running much faster than its real value. The hype was massive, but I couldn’t find anything that justified that pump.
He didn’t buy it.
Looking at $DEXE today, I’m glad he listened.
A coin that was trading around $44 has now collapsed to below $2, with another brutal dump today.
#DEXE is finished. There will be many people waiting for a comeback, but I think this story is over.
The ascending triangle on $LTC we were tracking on the 4H played out cleanly. $LTC broke out above the key horizontal resistance exactly as expected and has already pumped +4.78% afterwards.
Bias on $LTC remains bullish while holding above the breakout level. Retest of the zone as new support would be ideal for continuation.