BTCUSD Healthy Retracement

Zaktualizowano
Buongiorno, come stai?

BTC seems to be in a retracement channel following a massive 17.5% swing up since last Friday.

We did not have enough buy volume in the $8100-8500 range, so we got rejected.

50 MA (orange) will meet BTC very soon; I expect a small bounce up, followed by a rejection, to either the 21 EMA (green) or the top of the channel around $8070 but ultimately coming back down to the .786 fib level.

This region would give us a great horizontal support range.

----------

Looking at the Shitbase order book.

$7700-7800 is our heaviest support with a small ditch effort at $7500, resistance is built between $7870-8030 followed by a small effort at $8300.

----------


All we can do is wait and see where we're headed.

Be happy.
Uwaga
We have broke out above the 21 EMA, looking like a good buy signal.
BTCBTCUSDBTCUSDTChart PatternsTrend Analysis

Wyłączenie odpowiedzialności