If BTC break the resistance at 16500 level ... it will most likely continue to 20000 level
Trade active
Looks like the (0.236 FIB) level at about 17200, not 16500 Which make more sense.I will update the chart.
Trade active
Note
BTC accumulating in 0.382 FIB level at 15000 levelIf it goes up from there, we may see 2000-22000 level
Otherwise, it will make a down move to 0.5 FIB level at around 13000 and then down to the latest strong support at 0.618 FIB at around 11400
Let's wait and see the next move
Trade active
Bitcoin correction continues ... trying now to break 0.5 FIB levelIf breaks it, Bitcoin will go to 0.618 FIB level at 11400 level which I think will be the end of correction
Trade closed: target reached
Correction happened as expected Analysis for now
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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.