What(Where) is the next Fib Retracement ?
If the decline continues, BITCOIN will be a big rebound near $ 5400.
If BITCOIN fail to reach $ 7240 again, BITCOIN may fall to the red dotted line, near $ 5600 - $ 6100. If BITCOIN fall to $ 5600 and switch trends, it will be near the purple vertical line.
If BITCOIN fail to reach $ 7240 again, BITCOIN may fall to the red dotted line, near $ 5600 - $ 6100. If BITCOIN fall to $ 5600 and switch trends, it will be near the purple vertical line.
If the rebound comes, it is the first resistance line at $ 8190 and can go up to $ 8470 at once. If BITCOIN fall below $ 7690, BITCOIN may fall below $ 7240.
BITCOIN is like a short-term stay within $ 200. If BITCOIN drill a strong resistance line of $ 8940, BITCOIN can reach the resistance line up to $ 9470. If BITCOIN break through the previous support line of $ 8470, BITCOIN can go below the 8194 support line. The direction seems to be largely divided by the violet vertical line.
BITCOIN fell below the purple trendline. If BITCOIN rise, can fall near the $ 8820 resistance line and the purple trend line. If BITCOIN is a decline, there will be a slight rebound near the $ 8470 support line.
Resistance has occurred near $ 9200 and has escaped the upward trend. BITCOIN is supported by $ 8750, and if the sale is strong, the next resistance line can fall to $ 8580. If buying is strong, BITCOIN can challenge again the $ 9200.
If BITCOIN go up one more time, the strong resistance line is near the $ 9200, and if BITCOIN get the resistance, BITCOIN can get it back at $ 8300. The short-term support line is about $ 8700.