Bitcoin Closes Week Red Engulfing But ......
Bitcoin Weekly Close Red Engulfing
No problem really as there are plenty of occasions where this has happened and it has been ignored shortly after.
PA rejected off the "global" 5.236 fib circle, which also is the "Local" 4.236
https://www.tradingview.com/x/WLtfwz3u/
Previous pull back "Localy" was 21.4 % - if that happens this time, we Will vists 24300, which I think is unlikely but anything is possible
However, due to the 2 sets of Fib circle acting here and the Still bearish Daily MACD, rejection Could last another week or so, including the idea of Ranging in a Channel between the 618 and 702 local fib lines
RSI resetting and Mayer Turned down
CAUTION is a good word here
No problem really as there are plenty of occasions where this has happened and it has been ignored shortly after.
PA rejected off the "global" 5.236 fib circle, which also is the "Local" 4.236
https://www.tradingview.com/x/WLtfwz3u/
Previous pull back "Localy" was 21.4 % - if that happens this time, we Will vists 24300, which I think is unlikely but anything is possible
However, due to the 2 sets of Fib circle acting here and the Still bearish Daily MACD, rejection Could last another week or so, including the idea of Ranging in a Channel between the 618 and 702 local fib lines
RSI resetting and Mayer Turned down
CAUTION is a good word here
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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.