Moving towards Pivot 31700

27 giu 2021

Bitcoin has failed to cross the fibonacci 0.618 and R1 has also been achieved, it has not come closer to the pivot 31700 since the day began, in my opinion it will most likely move lower probably after touching R1 again and getting rejected and reach the Pivot before the next 10 hours, this is my short term trade analysis.

For longer time frame, I consider this week to be bullish due to a hanging man candlestick.