This chart does not look too much different from my previous one, but the one thing that has happened is that bitcoin tested fib level 0.618 and clearly we see a big wick pushing the price back to the trading range. I suspect the next 3-7 to be the ones who will tell us where bitcoin will be going.
Good luck trading!
Good luck trading!
Note
Another wick off the support. There's a limit on how much the support can hold and the more we test it, the more it gets weaker. The bright side is that bears did not push the price to the 0.618 fib level indicating that they are getting weaker as well. Keep a close eye on bitcoin for now.
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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.