BitcoinUpdated Bitcoin approaching an important support area
Support of Fibonacci level with right above the blue MA, that could be supportive enough for bitcoin to start an uptrend (this blue MA supported Btc for long months, and used to be a light resistance for around 4 weeks)
If we see support around here at the fibo, or at the blue MA, good, Btc market is possibly strong.
If Blue fails, B wave confirmed, with Orange MA probably about to be tested at around 4800$.
If orange fails, well, there is the last Fibonacci level @ around 4200$.
Looking for a bounce around this current area or near Blue, to analyse what the next move will be.
If we see support around here at the fibo, or at the blue MA, good, Btc market is possibly strong.
If Blue fails, B wave confirmed, with Orange MA probably about to be tested at around 4800$.
If orange fails, well, there is the last Fibonacci level @ around 4200$.
Looking for a bounce around this current area or near Blue, to analyse what the next move will be.
Note
Looks strong for nowNote
Aw fuck.
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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.