BTCUSD is at a high strong support level at 0.236 fib level and at 8/1 gann fan level and got rejected from those levels with multiple wick rejections on 1d chart. Furthermore the momentum is still very strong and unless we see a huge huge red candle that will break those level, BTCUSD will continue going up after this deep pullback. It also is in a big uptrend still on even longer timeframe, making higher highs and higher lows
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.