Right now we are against a daily level and .66 fib ratio which has staked its claim as a strong resistance. Now if we are reclaim this daily level then we could see a rise upto level of 50K (which also acts as a strong psychological level).
However, if we are to fall below POC of 47,130 then we could see BTC price fall to a huge demand zone of around 42k-43k level. This zone is in confluence with POC of 43k, fib retracement golden ratio and fib speed resistance fan drawn from swing low to swing high.
P.S - S/o to Chart Champions for thier great educational content for new traders. They clearly are the Beatles of trading group in crypto.
Finally this is not a financial advice. DYOR. La Hasta!!
However, if we are to fall below POC of 47,130 then we could see BTC price fall to a huge demand zone of around 42k-43k level. This zone is in confluence with POC of 43k, fib retracement golden ratio and fib speed resistance fan drawn from swing low to swing high.
P.S - S/o to Chart Champions for thier great educational content for new traders. They clearly are the Beatles of trading group in crypto.
Finally this is not a financial advice. DYOR. La Hasta!!
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.
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.