BTC presently expected to double top at 0.618 level of longer-term trend.
Expect BTC to fall back to around 8400 at 0.618 level of shorter-term trend.
Analysis rejected if double top fails, and BTC goes higher beyond and shows strong support above 14k.
See also:
Expect BTC to fall back to around 8400 at 0.618 level of shorter-term trend.
Analysis rejected if double top fails, and BTC goes higher beyond and shows strong support above 14k.
See also:
Note
Explaination: The FSBGB indicator shows that historically, we have presently reached a local top corresponding to the FSBGB-levels where local-tops were logged during the stage of the bull-market from 2016 till April of 2017, before the "red" FSBGB-level was eventually breached.Note
Link to indicator used: tradingview.com/v/N0FyoIlB/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.