Fib retracement applied from 07 Sep 20 shows and up to 15 Feb top candle body
View on daily, weekly and monthly candles.
We can see the classic form of
- touching the top 57-58K.
- Twice falling down around FIB 0.236 (43-48K) and then back up to the top.
- And today, 19 May 21, falling down and touching FIB 0.382 (38-42K).
A bit worrying is that
FIB says touching 0.382 should not be considered as break a trend and there are still good chances for the next Bitcoin sprint.
Also, we can see that FIB 0.382 (38-42K) has a good support which should have been accumulated from 6 Jan to 8 Feb.
Risk: price does not jump off FIB 0.382.
If the price will be able to jump a bit up and stabilise above 40.4K that will be a good sign.
Limit buy orders: around 39.5K
Stop-loss around 34.7K.
Shall we load up gents, your opinions?
PS: Most probably this situation was already played all the way through by the bigger whales starting from 13-15 May 21.
View on daily, weekly and monthly candles.
We can see the classic form of
- touching the top 57-58K.
- Twice falling down around FIB 0.236 (43-48K) and then back up to the top.
- And today, 19 May 21, falling down and touching FIB 0.382 (38-42K).
A bit worrying is that
FIB says touching 0.382 should not be considered as break a trend and there are still good chances for the next Bitcoin sprint.
Also, we can see that FIB 0.382 (38-42K) has a good support which should have been accumulated from 6 Jan to 8 Feb.
Risk: price does not jump off FIB 0.382.
If the price will be able to jump a bit up and stabilise above 40.4K that will be a good sign.
Limit buy orders: around 39.5K
Stop-loss around 34.7K.
Shall we load up gents, your opinions?
PS: Most probably this situation was already played all the way through by the bigger whales starting from 13-15 May 21.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.