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Yet Another Fib Retracement

COINBASE:BTCUSD   Bitcoin
BTCUSD
Waiting to see if 2.618 provides support for the price going forward. It's troubling to see that we broke through and made a strong move down toward the 1.618 line. If my Fib Retracement is applied correctly, this break-through may signal a further correction to $42k for Bitcoin. But today we observed the price returning to 2.618 and perhaps this line will form a barrier to further correction. I believe that bullish movement in the next few days would confirm a longer trend toward higher highs. But if we dip below this threshold at $51k, it certainly seems like the correction could continue to play out through the end of April.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.