Support now flipped resistance, 1h EMAs bearish and holding BTC down.
Highlighted box is .65/.618 fib on my chart and seems to be holding as support.
No matter how much bullish fundamentals there are right now, I can't help but think we go down for a bit, maybe a retest of 40 - 42k?
IDK....
Highlighted box is .65/.618 fib on my chart and seems to be holding as support.
No matter how much bullish fundamentals there are right now, I can't help but think we go down for a bit, maybe a retest of 40 - 42k?
IDK....
Note
Hoping for something like this if the bullish scenario plays out. Would be nice to have a correction though and I hear everyone say it..but remember, corrections can be time based too. Sideways trading and indicators reset so I don't think a huge drop is on the cards.Note
Update:
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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.