BTCUSD Former Resistance turned Support. Targets 35k next.
Bitcoin was trading in a Channel Up that broke upwards on March 17th and has since turned its former top (Resistance) into a bottom (Support).
This is best viewed with the use of the Fibonacci Channel extensions. Currently the price is trading between Fibonacci 1.0 and 1.5.
The 1day MACD Bear Cross is near and if it happens it can keep the price ranged inside the above range.
The next closing (over Fibonacci 1.5) targets 35000 on Fibonacci 2.0.
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This is best viewed with the use of the Fibonacci Channel extensions. Currently the price is trading between Fibonacci 1.0 and 1.5.
The 1day MACD Bear Cross is near and if it happens it can keep the price ranged inside the above range.
The next closing (over Fibonacci 1.5) targets 35000 on Fibonacci 2.0.
Follow us, like the idea and leave a comment below!!
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