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
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.
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.