Hello Guys, how are you ? to day I am going to show you my analysis on bitcoin . Bitcoin is now on a major level that acts as resistance previously multiple time I expect the market to continue higher after this pullback on the four hour chart. what makes this zone a good zone is that :-
The fib retracment is also in the key level between the 50% and the 60% which is also known as a golden fib ration
The trend line that acts as support
The 200 Ema and
The resistance turns to support all come to one point that makes this zone a high quality zone
Drop down to a smaller time frame and see what is happening in the lower time frame is better that is good to find entry.
I wish you happy trading
The fib retracment is also in the key level between the 50% and the 60% which is also known as a golden fib ration
The trend line that acts as support
The 200 Ema and
The resistance turns to support all come to one point that makes this zone a high quality zone
Drop down to a smaller time frame and see what is happening in the lower time frame is better that is good to find entry.
I wish you happy trading
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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.