Bitcoin 4 hour retracement
Bitcoin is taking a well earned breather right now and it is a good thing, Cooling off before the next stage and facing the FED, FOMC minutes release today, 22 Feb, which is likely to mention increased / prolonged interest rate rises
PA has a number of lines if support to fall back to before we hit the "FTX Neckline", which is the recovery line. The 382 fib line should not get broken but lets see how we do today
Over all, Sentiment is good on Bitcoin right now and £30K is being seen as a realistic target in the near future, thought we have to break and stay above
25K first
Again, remain cautious but do not miss the buying opportunity once the retrace has stopped. Dive in and grab as much as you can
PA has a number of lines if support to fall back to before we hit the "FTX Neckline", which is the recovery line. The 382 fib line should not get broken but lets see how we do today
Over all, Sentiment is good on Bitcoin right now and £30K is being seen as a realistic target in the near future, thought we have to break and stay above
25K firstAgain, remain cautious but do not miss the buying opportunity once the retrace has stopped. Dive in and grab as much as you can
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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.