Now BTC in corridor between 10380 and 9228.
On graphic you can find fibonacci which is build by this corridor. (thin black lines)
There are 2 support lines showing current trend and 10th day growth trend. (green lines)
Also you can find a resistance line. (red lin) e
As for me, I think we can expect for a growth up to 10380 if btc will pass 9877 as a first trigger to enter and resistance line as area to enter with less risk.
On graphic you can find fibonacci which is build by this corridor. (thin black lines)
There are 2 support lines showing current trend and 10th day growth trend. (green lines)
Also you can find a resistance line. (red lin) e
As for me, I think we can expect for a growth up to 10380 if btc will pass 9877 as a first trigger to enter and resistance line as area to enter with less risk.
Note
Few more words about graphic The most strong levels of fibonacci are 0.618 (9941.4 ) and 0.382 (9670.0) which i use as a trigger.
ATM i can see 3 growth stops, firs is level 9875, next is 0.618 fibonacci (9941.4 ) and level of resistance.
if we will talk about downtrend if we will see BTC going lower then 0.382 fibonacci (9670.0) we can expect downtrend to continue till 9500 or 9228.
Note
*i think 9741 would be support level of current channel
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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.