Despite news of the Winkelvoss' ETF getting denied again by the SEC, the new gave btc the pull back that it most likely needed to hopefully get the next wave up. Over the past week on the fib the did not give up past the 236, which in turn resulted in rally after rally, resulting in heavily overbought conditions. News dropped the price to a low of 7848 almost down to target of the 382 @ 7810, and has held nicely. I would expect some consolidation over the next 6-8 hours with maybe a little more of a pull back to the 50EMA @7734. Which would give a range at this time of trading between 7910-7750. I would think that both sides are a little overtired right now, but we are still in an uptrend and would likely expect a retest of the 8000 level within the next 24 hours. Unless there are other Winkevii ETFS that need rejecting tommorow. Trade and sleep well all. Again I am new and still learning. check out the article about said ETF on Twitter that I posted @mersb1975
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.
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.