[09/19] Beast Trading _ Today's Bitcoin Analysis
Bitcoin continues to fall due to 69k trend resistance.
NASDAQ and Bitcoin are still weak, and in the case of Bitcoin, they continue to move to renew their lows.
Currently, the market is very difficult and there are many events, so it is better to set up a response line and make a response-
1. Fibonacci support line
[A Fibonacci from 18.5 to 22.8k]
19000 (Fibonacci 0.886 & Psychological Defensive Line)
18500 (Fibonacci 1 & Double Bottom)
2. Black trend line (support line)
(The existing resistance line is changed to a support line, and it is now acting as a support)
3. Yellow Ferrell Channel
Bottom line (acting as support)
Breakline (acting as a resistance)
Top Line (Acting as Resistance)
4. Green Ferrell Channel
Lower/upper lines both act as resistance
The downward pressure is still continuing, and it has not shown a proper rebound.
As I keep saying in the market these days, let's always keep in mind the low point renewal and sell!
Bitcoin continues to fall due to 69k trend resistance.
NASDAQ and Bitcoin are still weak, and in the case of Bitcoin, they continue to move to renew their lows.
Currently, the market is very difficult and there are many events, so it is better to set up a response line and make a response-
1. Fibonacci support line
[A Fibonacci from 18.5 to 22.8k]
19000 (Fibonacci 0.886 & Psychological Defensive Line)
18500 (Fibonacci 1 & Double Bottom)
2. Black trend line (support line)
(The existing resistance line is changed to a support line, and it is now acting as a support)
3. Yellow Ferrell Channel
Bottom line (acting as support)
Breakline (acting as a resistance)
Top Line (Acting as Resistance)
4. Green Ferrell Channel
Lower/upper lines both act as resistance
The downward pressure is still continuing, and it has not shown a proper rebound.
As I keep saying in the market these days, let's always keep in mind the low point renewal and sell!
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.