Bitcoin: Near Term Support Targets
Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ).
The chart is self explanatory. I circled a few support areas going downwards. The Keltner Channel and Fibonacci Retracement was used in this chart. I also show the RSI is at the Support line with possibility to break down. Volume does not look good.
I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
The chart is self explanatory. I circled a few support areas going downwards. The Keltner Channel and Fibonacci Retracement was used in this chart. I also show the RSI is at the Support line with possibility to break down. Volume does not look good.
I have been calling drops on BTC since November and December of 2021. I am more concerned than before that more drops are coming. Be careful.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
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