BTC correction imminent back to Fib 78 LEVEL
BTC is way overbought on the chart, similar to 2017 peak levels. A correction must happen.
I'm expecting a retrace back to 78 Fibonacci level, which will meet the ascending trendline from 3.1K bottom. Many buyers present at the 3.6K price area. Possible double bottom after that but too early to say how likely is that.
I'm expecting a retrace back to 78 Fibonacci level, which will meet the ascending trendline from 3.1K bottom. Many buyers present at the 3.6K price area. Possible double bottom after that but too early to say how likely is that.
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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.