- BTC seems to have found support at the fib 23.6 level for now.
- 1hr Stoch RSI is oversold and crossing up
- CMViX given a 1hr buy signal
- Wave 4 completed. 1 final wave probable
- Anticipating W 200 EMA will be the reversal target (circa 4100)
Risks
*The trend is becoming exhausted and likely to be nearing reversal so caution should be taken
*23.6 is not the strongest of fib levels and a further retrace to 38.2 is possible, which is also the trendline from Jan 2018 which has yet to be retested.
BitMex Chart
Trade active
Entry at 3915.5Liq Price : 3858.5
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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.