BTCUSD
at the request of several traders ... starting this week I will also analyze BTCUSD
THIS WEEK...If we make a parallel between the chart on a week and one month because the month of May closes ...we can see the very strong support that formed on the 1 week chart coincides with the Fibonacci 0.5 level formed on the 1 month chart!
If May closes below 0.5 Fibonacci level then I will continue to bet on a strong BTC depreciation to Fibonacci 618 area
If it closes above Fibonacci 0.5 then BTC will make a range in the green rectangle!
Any closure outside the green rectangle even for 1 day ... I strongly believe that it will give the new trend of BTC!
I will update this chart on Tuesday, June 1, after May closes.
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
THIS WEEK...If we make a parallel between the chart on a week and one month because the month of May closes ...we can see the very strong support that formed on the 1 week chart coincides with the Fibonacci 0.5 level formed on the 1 month chart!
If May closes below 0.5 Fibonacci level then I will continue to bet on a strong BTC depreciation to Fibonacci 618 area
If it closes above Fibonacci 0.5 then BTC will make a range in the green rectangle!
Any closure outside the green rectangle even for 1 day ... I strongly believe that it will give the new trend of BTC!
I will update this chart on Tuesday, June 1, after May closes.
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
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