Hello Traders,
Points to consider on today's chart BTC/USD
- Bullish trend over all but signs showing for reversal
- Current resistance at 0.618 Fibbonacci Zone
- Current support is at 0.5 Fibbonacci Zone
- Stoch on downwards momentum
- RSI on down trend hitting resistance
- EMA's and Volume currently Nuetral
BTC is still in a macro down trend, a move is imminent in the near future, lower highs and higher highs are coming to the apex, it is probable that BTC rejects from the .618 Fib Zone as its is in confluences with the macro resistant line, this is an ideal area to go short as resistance looks very strong... What are your thoughts ? please leave a comment
and remember,
It’s not what we do once in a while that shapes our lives. It’s what we do consistently -Anthony Robbins
Points to consider on today's chart BTC/USD
- Bullish trend over all but signs showing for reversal
- Current resistance at 0.618 Fibbonacci Zone
- Current support is at 0.5 Fibbonacci Zone
- Stoch on downwards momentum
- RSI on down trend hitting resistance
- EMA's and Volume currently Nuetral
BTC is still in a macro down trend, a move is imminent in the near future, lower highs and higher highs are coming to the apex, it is probable that BTC rejects from the .618 Fib Zone as its is in confluences with the macro resistant line, this is an ideal area to go short as resistance looks very strong... What are your thoughts ? please leave a comment
and remember,
It’s not what we do once in a while that shapes our lives. It’s what we do consistently -Anthony Robbins
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.