[08/02] Beast Trading _ Today's Bitcoin Perspective
Beast Trading _ Today's Bitcoin Perspective
Bitcoin has continued to weaken since hitting a 24.7k high.
Personally, I think this decline is still an adjustment to the amount of increase from 20.7k, and the likely end of the decline will be 22690 or 22230, which is 0.5 Fibonacci digits of the total increase, or 0.618 digits.
If you look at the way it's going down, you can see the up and down trend line (blue trend line in the picture) and I think the up line can act as resistance and the down line as support.
Also, the red upward trend line I told you about yesterday was originally a support, but it changed to a resistance line as it deviated downward.
I think it would be good to check the parts I mentioned and refer to it for sale!
Bitcoin has continued to weaken since hitting a 24.7k high.
Personally, I think this decline is still an adjustment to the amount of increase from 20.7k, and the likely end of the decline will be 22690 or 22230, which is 0.5 Fibonacci digits of the total increase, or 0.618 digits.
If you look at the way it's going down, you can see the up and down trend line (blue trend line in the picture) and I think the up line can act as resistance and the down line as support.
Also, the red upward trend line I told you about yesterday was originally a support, but it changed to a resistance line as it deviated downward.
I think it would be good to check the parts I mentioned and refer to it for sale!