BTC Target Rejection 21800
1. Top of parallel channel
2. FIB 1.414 level
3. RSI approaching MAs and Bollinger Band resistance
These are acting as resistance
The 3D RSI has reset and tested the MAs as support, so there is room for a HTF bounce. My thought is we reject 21800 in the next week or so, retest the range high of 19800 or lower, then bounce to upper 20000s.
2. FIB 1.414 level
3. RSI approaching MAs and Bollinger Band resistance
These are acting as resistance
The 3D RSI has reset and tested the MAs as support, so there is room for a HTF bounce. My thought is we reject 21800 in the next week or so, retest the range high of 19800 or lower, then bounce to upper 20000s.
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.