As I circled in yellow, it popups up to me as a strong support for BTCUSD. The reasons are listed below:
If that happens, it will be over 20% drop. If the drop with a speed, most likely it will bounce back with power. I will be here (3154-3260) waiting...
- The fib retracement is right at .382.
- price had consolidated in that area before taking off higher
- trend line crosses at the same time
- Elliot wave No. 4
If that happens, it will be over 20% drop. If the drop with a speed, most likely it will bounce back with power. I will be here (3154-3260) waiting...
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.
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.