18 APRIL 2022 - BTC UPDATE
Updated
Last night, BTC broke down at the previous 0.618 support which is the $39,700
BTC's current price action bounced at $38,800, our last 0.618 Fibonacci Retracement from lowest swing to swing high. Expect a bounce at the trendline if the price breaks down at 0.618
For long swing opportunities, we wait for the TRBO with volume and the CoS (Change of Structure). A Right Hand in 1H can be seen now.
For now, scalp only...
BTC's current price action bounced at $38,800, our last 0.618 Fibonacci Retracement from lowest swing to swing high. Expect a bounce at the trendline if the price breaks down at 0.618
For long swing opportunities, we wait for the TRBO with volume and the CoS (Change of Structure). A Right Hand in 1H can be seen now.
For now, scalp only...
Note
BTC breaks out at the trend resistanceCoS will happen if it breaks out the $41,500
Expect a small retracement or ORAS on BTC and other ALTS
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