Começar
Batrachotoxin

The supports/resistances for BTC in this mid-term downtrend

Viés de baixa
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
Batrachotoxin  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Wave Analysis BTCUSD BTCUSDT Fibonacci Retracement shortsetup
15
0
trendanalysis chartpattern waveanalysis btcusd btcusdt fibonacciretracement shortsetup
BTCUSD

As mentioned in the latest analysis, the MA50 support fails to hold the price that makes BTC returns the 4-digits area. The dumping in this morning starts a mid-term downtrend for the market, which can pull the price down to $7150 (Fib. 61.8%).

Applied Elliott Waves count on macro view, we are in the 3rd wave of Wave C retracement, which the possible next move as shown in the chart. Major supports/resistances from Fibonacci retracement are shown in the chart, too.

This time correction of BTC recalls the 2017-2018 fractal, where BTC entered a strong downtrend and lost 80% of its value from the all-time high.
snapshot

Ideias Relacionadas

Batrachotoxin
BTC continues showing bearish favor this week
Batrachotoxin
A possible BTC move for next hours.
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.