Bitcoin looks like it's found good support at its 0.236 Fibonacci Retracement - $9280; the 4 hourly candles RSI and MACD shows signs of the Bears tiring out, and the Bulls taking back control of the trend; with the Full Moon approaching on the 1st of March I see a potential rise in volatility to $13000 by then - 0.5 Fibonacci Retracement.
Potential buy in sign would be closing over $9900 on the daily chart; However, if we break under 0.236 - there will be little to no support...
Potential buy in sign would be closing over $9900 on the daily chart; However, if we break under 0.236 - there will be little to no support...
Note
Closing above $10300 on the daily should be a good sign that a steady trend is on a bullish trajectoryp.s correction - Full moon is on 2nd of March (UTC)
Note
So far so good, closing over $11400 - 0.382 Fibonacci Retracement, will be a great sign forward for Bitcoin
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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.