Technical Analysis using Fibonacci and Fibonacci Fan
Hi, guys, I made this technical analysis and well, I can say that Bitcoin in H4 it's have been in a bearish rising channel, so in this moment the price is broke down the channel, and we need some confirmation. Because there is an armonic pattern ABCD with a proyection reach to 38%, 50% or 61% of Fibonacci. Until Bitcoin don't make a confirmation, we can't to enter a operation if go to make a pull back down the channel and the price drop more until $8,400 USD aproxximately. Now, in D1 EMA # 200 is still bullish, wake up and don't distrayed with other time frame period in the Bitcoin charts.
And look out with the false broke up!!!
And look out with the false broke up!!!
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