Yet Another Fib Retracement
BTCUSDWaiting to see if 2.618 provides support for the price going forward. It's troubling to see that we broke through and made a strong move down toward the 1.618 line. If my Fib Retracement is applied correctly, this break-through may signal a further correction to
42K for Bitcoin. But today we observed the price returning to 2.618 and perhaps this line will form a barrier to further correction. I believe that bullish movement in the next few days would confirm a longer trend toward higher highs. But if we dip below this threshold at 51k, it certainly seems like the correction could continue to play out through the end of April.
See my YouTube channel for videos explaining some of the strategies that I post.
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See my YouTube channel for videos explaining some of the strategies that I post.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.