BTCUSD near term Retrace watch: Bitcoin to test 3900 ?
Updated
Quick plot to see if this ABC retrace plays out.
This is a lot of support in the 3900-3928 zone.
If it holds, then we have a shot at break of 4.2k.
We are also up against the previous Negative Impulse plotted here:
Prior to that, I had anticipated the top at 4.2k
This is a lot of support in the 3900-3928 zone.
If it holds, then we have a shot at break of 4.2k.
We are also up against the previous Negative Impulse plotted here:
Prior to that, I had anticipated the top at 4.2k
Note
well this just became more likely, with a burst of market sells breaking the 1.618 support .
Related publications
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.