Waiting for $6k
Bitcoin nearly got ahead of itself there. A retrace was coming for the bullish short term scenario.
Round numbers are always key areas but this time especially so.
We have massive confluence of key psychological level, EMA zone, previous resistance plus fib levels of 0.5 and 0.382 of the current move.
Often times just two of these factors would get a trader interested. Here we five. So expect a big reaction at $6000, if it makes it there...
Round numbers are always key areas but this time especially so.
We have massive confluence of key psychological level, EMA zone, previous resistance plus fib levels of 0.5 and 0.382 of the current move.
Often times just two of these factors would get a trader interested. Here we five. So expect a big reaction at $6000, if it makes it there...
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.