Bitcoin's (BTCUSD) retrace gained momentum last week but hit a stop yesterday when the 0.5 Fib. retracement support was hit... This level is clearly marked on the chart.
Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support.
BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these levels. If the daily candle closes above $8626 we have a positive signal, earning momentum for the bulls.
We are active here with 10X... You can find the full trade below:
Where do you think Bitcoin is headed?
Do you think that prices will bounce here and resume the uptrend, or fakeout and continue to drop?
Share with us in the comments section below!
Namaste.
Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support.
BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these levels. If the daily candle closes above $8626 we have a positive signal, earning momentum for the bulls.
We are active here with 10X... You can find the full trade below:
Where do you think Bitcoin is headed?
Do you think that prices will bounce here and resume the uptrend, or fakeout and continue to drop?
Share with us in the comments section below!
Namaste.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
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.