Technical Analysis using Fibonacci and Fibonacci Fan

26 feb 2020

Hi, guys, I made this technical analysis and well, I can say that Bitcoin in H4 it's have been in a bearish rising channel, so in this moment the price is broke down the channel, and we need some confirmation. Because there is an armonic pattern ABCD with a proyection reach to 38%, 50% or 61% of Fibonacci. Until Bitcoin don't make a confirmation, we can't to enter a operation if go to make a pull back down the channel and the price drop more until $8,400 USD aproxximately. Now, in D1 EMA # 200 is still bullish, wake up and don't distrayed with other time frame period in the Bitcoin charts.

And look out with the false broke up!!!