Bitcoin is now bearish on the 1D time frame (RSI = 40.648, MACD = -188.700, ADX = 20.767) as it has completed 3 weeks trading inside a Falling Wedge pattern that crossed today under the 0.618 Fibonacci retracement level. This Wedge is guiding gradually the price to the lower Supports of S1 (21,375) and S2 (20,425) and will continue to do so unless it breaks to the upside.
The chart shows that the Fibonacci levels form very accurate Supports and Resitances. We will be buy each time a candle closes over a Fibonacci level and target the one above. Likewise, we will sell every time a candle close below a Fibonacci level and target the lower one (so far only Fib 0.786 and eventually 1.0 the bottom are left to the downside).
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The chart shows that the Fibonacci levels form very accurate Supports and Resitances. We will be buy each time a candle closes over a Fibonacci level and target the one above. Likewise, we will sell every time a candle close below a Fibonacci level and target the lower one (so far only Fib 0.786 and eventually 1.0 the bottom are left to the downside).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
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Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
إخلاء المسؤولية
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.