Looking at the daily looks like Bitcoin has failed to close above the 0,78% fib line 2 days in a row. This also happens also be the previous support line which is now acting as the resistance level. I expect a drop to the 0,61 fib line if bitcoin fails to break above the 0.78% fibonaci.
Looking for a buying opportuninty between $7300 - $7200
Looking for a buying opportuninty between $7300 - $7200
Trade active
Order cancelled
0,78% fib line breached with closed bar which has seen bitcoin rally to new yearly highs. Waiting for next buying opportunity
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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.