BTC -0.49% has fallen down to 5858 from 8506. and it has been bounced up to Fib 50%. it's just above 50ema and just below 100ema.
I wonder BTC -0.49% could reach to its 61.8 bounce up where is just around downtrend resistance.
If not, BTC -0.49% could fall back to its wedge support line.
At worst, all of this was just a bull trap, we would fall back to 5K.
I wonder BTC -0.49% could reach to its 61.8 bounce up where is just around downtrend resistance.
If not, BTC -0.49% could fall back to its wedge support line.
At worst, all of this was just a bull trap, we would fall back to 5K.
Note
- Bounce up at Fib 0.382 from 6657
- Supported by 100ema(1h)
- Personally Fib 0.5 retracement(app. 6470) from 5858 could be possible
if not, BTC's next target would be $7500
Note
possible bearish cypherNote
Note
Resistance from wedge
Yearly downtrend resistance is at around 7500
Note
My personal high is just around 7000, but it has climed over 7400. geeeee.
now it's just below the downtrend line & 200ema.
It's very important time to see the future direction of BTC.
Let's see.
Good luck.
Note
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.
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.