D1 : 30'000 filled yesterday with an intraday low @ 29150
Today's price action is showing a new recovery attempt with an upside potential pretty limited.
Indeed, TS currently @ 32620 ahead of the 61.% Fib ret @32652 of the last downside move will be the first important resistance area to break.
Current price action should still be seen as a corrective move only in a broad bear trend and not as a trend reversal yet !
As already mentioned, in order to neutralise the existing downside risk, BTC should move above KS an MBB and hold above both (35'000 +)
Once the current upside move will be over, it is likely to see a retest of the 30'000 area, then towards the first strategic target of 27'426 (38.2 % FR)
Triangle target @ 23'590 !!
Have a great trading day :-)
Today's price action is showing a new recovery attempt with an upside potential pretty limited.
Indeed, TS currently @ 32620 ahead of the 61.% Fib ret @32652 of the last downside move will be the first important resistance area to break.
Current price action should still be seen as a corrective move only in a broad bear trend and not as a trend reversal yet !
As already mentioned, in order to neutralise the existing downside risk, BTC should move above KS an MBB and hold above both (35'000 +)
Once the current upside move will be over, it is likely to see a retest of the 30'000 area, then towards the first strategic target of 27'426 (38.2 % FR)
Triangle target @ 23'590 !!
Have a great trading day :-)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.