BTCUSD: Bullish Shark within a Bullish Rectangle at the 200 SMA
BTC is sitting at a confluence zone of the 200 SMA and 1.13 Bullish Shark PCZ while showing heavy amounts of MACD Bullish Divergence; If this area holds i think BTC could go up to target the 2.618 Fibonacci Extension at $27,275.50.
If it fails to hold above this level of confluence then it will likely flush down to an 88.6% retrace below
If it fails to hold above this level of confluence then it will likely flush down to an 88.6% retrace below
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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.