First failed test of key ~$11k area last night for bitcoin.
Break of this level eyes the 50% retrace off december - feb decline & top end of pitchfork
Downside should be capped by median line & 38.2 retrace off impulse higher
- 38.2% retrace off decline/22nd december low
- 50% pitchfork level
- 50% retrace January to February decline
- 100DMA
Break of this level eyes the 50% retrace off december - feb decline & top end of pitchfork
Downside should be capped by median line & 38.2 retrace off impulse higher
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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.