Bitcoin ( BTC ) has a key support area at 8215. This Fib is started all the way from ATH's down to when we reached 3k. If you are short on a swing trade, you don't have anything to worry about. If you are scalping, I would recommend selling your stack here, to prevent losing any off of a potential bounce. Just to add on to reassure bears though, we have dipped below the 200 EMA on the daily, and of course we still had rejection on the 200 MA. Things are still looking great for the gains!!! Happy Trading!
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.