Updated

Reversal needs a higher low

I'm expecting a last upward leg to 4hr MA100 will act as a resistance.

Retracement to .618 fib level before breaking the upper wedge

Note

As expected price has reached upper wedge resistance.

I'm expecting a .618 fib retracement from here.

Also look for support at daily MA100

these 2 will act as strong support giving us the higher low we are looking at for a reversal

snapshot

Note

Here starts the retracement. Will the bulls manage to avoid a new low?

Note

Levels to look at for support:
- daily MA100
- 61.8 fib retracement
- double bottom

Note

Market confirms strong resistance.

Looking for support at above levels

Note

Market Bouncing from our first target: daily MA100 support

Note

This could be the higher low we were looking at

Also on:

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BTC - Which support levels to look at

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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.

Also on:

Related publications

BTC - Which support levels to look at

by IamCryptoWolf

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.