TechniBlock

Bitcoin (BTCUSD) where to from fear?

BITSTAMP:BTCUSD   Bitcoin
I marked the golden pocket retrace .618 to the .65 on this chart and it comes in at 28227 to 26912. I will caution that if we see a bounce at the .5 fib it could indicate we have further upside following that bounce. The .5 is a common fib retrace that happens in a bull market. All this shows we should be pulling back when the bitcoin mining halving is happening in early 2024. I think we pull back to the .618 at least and this seems to be around the 200sma as well. We could see a bottoming tail shooting down under the 200sma. All in all we are looking at a much needed correction.

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.