BitcoinShort
BTCUSD - DAILY TIMEFRAME - DOWNSIDE CHANNEL
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We know it was an exciting bull run momentarily the other day but it is still looking bearish for this currency pair currently whilst it remains pinned below Fibonacci and also stuck within the channel. The purple support and resistance zone boxes are highlighted, I think we could see a retest of fibonacci support and continue to fall if the test completes into resistance.
We know it was an exciting bull run momentarily the other day but it is still looking bearish for this currency pair currently whilst it remains pinned below Fibonacci and also stuck within the channel. The purple support and resistance zone boxes are highlighted, I think we could see a retest of fibonacci support and continue to fall if the test completes into resistance.
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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.