BTC FIB LEVELS
BTC crossed a 0.618 line of the Fibonacco channel, when it does, it usually approaches 0.786, close to 1570usd, depending on the day that reaches this line.
However, stockrsi is at the maximum in practically all timeframes (from h1 to daily), indicating overbought, unless it lateralizes above 1400, can reach the next line of the channel, otherwise it should return to the line of 0.382 - Mm21 (~ 1280usd ~), or in the worst case, back to mm2000, or line 0, if it happens, will be a great time to purchase.
However, stockrsi is at the maximum in practically all timeframes (from h1 to daily), indicating overbought, unless it lateralizes above 1400, can reach the next line of the channel, otherwise it should return to the line of 0.382 - Mm21 (~ 1280usd ~), or in the worst case, back to mm2000, or line 0, if it happens, will be a great time to purchase.
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.