Bitcoin is currently facing some bearish pressure. This move is all but surprising, since we had a 60% move in around three weeks.
This analysis is to showcase that there might be more pain in the market for Bitcoin. When looking at the Fibonacci retracement lines, the "ideal" reversal area would be between the 0.382 and 0.618 retrecement lines, which range from $56.5k to $50k.
In case the Fibonacci lines fail to hold, I'd be looking at the lower dotted trend line for a bounce, which goes back all the way to August.
Happy trading!
This analysis is to showcase that there might be more pain in the market for Bitcoin. When looking at the Fibonacci retracement lines, the "ideal" reversal area would be between the 0.382 and 0.618 retrecement lines, which range from $56.5k to $50k.
In case the Fibonacci lines fail to hold, I'd be looking at the lower dotted trend line for a bounce, which goes back all the way to August.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。