Will do it short :
- BTC retraced 38.2% Fibo on CME
- BTC retraced to 50% Fibo (50,000 ish On Exchanges, not on CME)
- Nice gap to take back around 57,800-60,000 zones
if we break down EMA50 ( Green EMA ) then we could see more bearish move to :
- Fibo 68.2% : 47,000
- EMA100 : 43,000 support ( Orange EMA )
- EMA200 : 33,000 support ( Very strong support ) ( Red EMA + Very Big demand zone )
if we retraced already next target should be :
- next TP 74k+
That said this retracement is logic. everything going up have to go down to reinforce before going up again. No need to panic.
i used Chicago CME ( institutional players are here ) , so don't compare BTC price, it's different from Exchanges.
Happy Tr4Ding !
- BTC retraced 38.2% Fibo on CME
- BTC retraced to 50% Fibo (50,000 ish On Exchanges, not on CME)
- Nice gap to take back around 57,800-60,000 zones
if we break down EMA50 ( Green EMA ) then we could see more bearish move to :
- Fibo 68.2% : 47,000
- EMA100 : 43,000 support ( Orange EMA )
- EMA200 : 33,000 support ( Very strong support ) ( Red EMA + Very Big demand zone )
if we retraced already next target should be :
- next TP 74k+
That said this retracement is logic. everything going up have to go down to reinforce before going up again. No need to panic.
i used Chicago CME ( institutional players are here ) , so don't compare BTC price, it's different from Exchanges.
Happy Tr4Ding !
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Bounces ( Exchanges View Binance )Catatan
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EMAs ( Exchange View )Catatan
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get it ?
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keep an eye on that triangle.Catatan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.