Bitcoin Sits below 0.618 on the fib chart there is a good chance that it will break this level then retest again before moving towards 86k then 90k.
Observation : this could be over the next few weeks due to the Tariffs/Inflation coming out of the USA with a combination of unrest around the world. Meaning that investors are seeking safe haven until there is confidence to reinvest in the Bitcoin.
Conclusion: its better to take long shorts /also short shorts were available towards support and Resistance Levels as it appears Bitcoin is ranging between Levels until the Markets settles from all the Volatility .
Disclaimer: In no way is this Financial advice for trading. trading is a RISK individuals and are at all times responsible any and all trades they engage in.
Observation : this could be over the next few weeks due to the Tariffs/Inflation coming out of the USA with a combination of unrest around the world. Meaning that investors are seeking safe haven until there is confidence to reinvest in the Bitcoin.
Conclusion: its better to take long shorts /also short shorts were available towards support and Resistance Levels as it appears Bitcoin is ranging between Levels until the Markets settles from all the Volatility .
Disclaimer: In no way is this Financial advice for trading. trading is a RISK individuals and are at all times responsible any and all trades they engage in.
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Bitcoin has tested the 0.618 could this be the move to 90k News dependent it looks good so far could a weekend move by Sunday should be a clear move waiting on a bullish News Event.
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.
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.