BTC / USDT
BTC reached the interesting reversal zone (53k-48k) and here’s why:
1-price is testing MA 100 in confluence with lower trend line of channel
2-0.618 Fibonacci level around 50k
3- G&F index now is extremely fear
Usually extremely fear mean bottom (or local bottom ) is near
In case bulls defend this level well ..next strong resistance will be 60k and after that we can see new ATH
I will need to update my view if bulls lost 48k-47k by candle closing
Do you think we around bottom or have another opinion ? Share your view about BTC in comments section below
BTC reached the interesting reversal zone (53k-48k) and here’s why:
1-price is testing MA 100 in confluence with lower trend line of channel
2-0.618 Fibonacci level around 50k
3- G&F index now is extremely fear
Usually extremely fear mean bottom (or local bottom ) is near
In case bulls defend this level well ..next strong resistance will be 60k and after that we can see new ATH
I will need to update my view if bulls lost 48k-47k by candle closing
Do you think we around bottom or have another opinion ? Share your view about BTC in comments section below
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
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.
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
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.