Using the Fibonacci tool in this situation we pulled a swing low and swing high on 45 minute candles. We use our our 10,50,200 MA as a filter and 0.5 and 0.618 fib levels as key reversal zones. We are watching if BTC can hold 200 ma (green line) if not we will push down to golden pockets zone where you’d search for longs.
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.