Potential double bottom forming for Bitcoin?
We just broke through resistance at the 618 fib level with a slight increase in volume.
I expect a retest of that level (yellow) over the next hour or so.
If it holds, we might continue to climb towards resistance at the neckline around 40k.
A break of that level should take us to 42.2. Or... bitty keeps dumping and we all continue to catch knives.
Who knows :)
We just broke through resistance at the 618 fib level with a slight increase in volume.
I expect a retest of that level (yellow) over the next hour or so.
If it holds, we might continue to climb towards resistance at the neckline around 40k.
A break of that level should take us to 42.2. Or... bitty keeps dumping and we all continue to catch knives.
Who knows :)
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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.