BitcoinLong
BTC shortI
The last high broke the trend of the previous and clearly showed a potential reversal risk, this based that prices went from a more vertical to a total horizontal trend, which then corrected and confirmed a strong resistance level. Bulls where not able to continue and make a positive retest. A positive bounce back from the pivot zone could have indicate that prices where ready to retest support, however we broke different fibonacci levels and we might continue to the 78,60 % which I am nearly 100 % sure prices will not continue to fall, due to fundamental forecast and growing boom of cryptocurrencies.
A buy order might be considered at the fibonacci 78,60
and SP at the 100% Fibonacci levels.
Like, follow my page for more daily news,
Take care, be significant minded when trading and regards,
Kevin C. Best
A buy order might be considered at the fibonacci 78,60
and SP at the 100% Fibonacci levels.
Like, follow my page for more daily news,
Take care, be significant minded when trading and regards,
Kevin C. Best
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.