This is BTC.D on the daily chart
It recently dropped below the 200MA and found support at the 0.382 Fib level
Today price is getting rejected by both the 200MA and the 62.25 Fib level
If it stays below we could see a move back down to 0.382
If it closes above the confluence area more upside is possible
Or it could simply range here for a while
We cant control what happens so best to stay patient and ready
Always take profits and manage risk.
Interaction is welcome.
It recently dropped below the 200MA and found support at the 0.382 Fib level
Today price is getting rejected by both the 200MA and the 62.25 Fib level
If it stays below we could see a move back down to 0.382
If it closes above the confluence area more upside is possible
Or it could simply range here for a while
We cant control what happens so best to stay patient and ready
Always take profits and manage risk.
Interaction is welcome.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.