Bitcoin Easy, Short-Term: 4H Timeframe (Lower High)
➢ Bitcoin (BTCUSD) produced a high on the 29 of July. This is our relative high.
After two months, Bitcoin produced a lower high, 27-September.
➢ On the 5th of August, Bitcoin produced a major low. This is our relative low.
After two months, Bitcoin can produce a lower low; lower highs can lead to lower lows.
The potential target for this low is mapped on the chart.
👉 This target based on Fibonacci retracement reads $43,800.
The main support range for the next drop sits between $44,000 and $40,000.
Thank you for reading.
Namaste.
After two months, Bitcoin produced a lower high, 27-September.
➢ On the 5th of August, Bitcoin produced a major low. This is our relative low.
After two months, Bitcoin can produce a lower low; lower highs can lead to lower lows.
The potential target for this low is mapped on the chart.
👉 This target based on Fibonacci retracement reads $43,800.
The main support range for the next drop sits between $44,000 and $40,000.
Thank you for reading.
Namaste.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
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