Bitcoin: 2019 Bear market retracement targets.
Top: $13,900
Bottom: $6420
.236 $7,700
.382 $8,620
.500 $9,450
.618 $10,345
.786 $11,780
Strong resistance at the .618. Price trading in a tightening pendant between the .5 and .618. ($9,500/9,850 buy zone. Sell above $10,100 if trading the channel. Stop loses below $9,400 and above $10,360)
Strong support from the .5 Makes a compelling argument for a bullish thesis, but it is too soon to make any firm predictions. Scalp traders, rejoice.
Top: $13,900
Bottom: $6420
.236 $7,700
.382 $8,620
.500 $9,450
.618 $10,345
.786 $11,780
Strong resistance at the .618. Price trading in a tightening pendant between the .5 and .618. ($9,500/9,850 buy zone. Sell above $10,100 if trading the channel. Stop loses below $9,400 and above $10,360)
Strong support from the .5 Makes a compelling argument for a bullish thesis, but it is too soon to make any firm predictions. Scalp traders, rejoice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.