BTC Fibonacci analysis
#BTC/USDT
$BTC dropped and broke down from ascending support line and now price is at the golden zone between 0.5 and 0.618 fib levels of the last swing high.
🐻 breaking down from the next ascending trend line and the golden zone will continue down trend to support zone around $19k and maybe lower to touch 1.414 and 2 fib levels!!
🐮 holding this golden zone as support and closing a daily candle above ascending broken trend line, can change the game for bulls, and price heading up to touch the resistance zone around $28k.
$BTC dropped and broke down from ascending support line and now price is at the golden zone between 0.5 and 0.618 fib levels of the last swing high.
🐻 breaking down from the next ascending trend line and the golden zone will continue down trend to support zone around $19k and maybe lower to touch 1.414 and 2 fib levels!!
🐮 holding this golden zone as support and closing a daily candle above ascending broken trend line, can change the game for bulls, and price heading up to touch the resistance zone around $28k.
Trade attivo:
#BTC/USDT
#update
$BTC broke down from support of 0.618 fib level and ascending trend line.
so as the 🐻 way in my last analysis price will drop to support zone around $19k.
#update
$BTC broke down from support of 0.618 fib level and ascending trend line.
so as the 🐻 way in my last analysis price will drop to support zone around $19k.
