Bitcoin eventually broke out from the consolidation zone and $40K resistance.
BTC has pushed up to FIB 23.6 level following the breakout. This FIB23.6/ $40K is now acting as a support level.
POSSIBILITIES
1. Push up to FIB 38.6 or FIB 50 evzones as indicated by the green arrows
2. Retrace back to the previous consolidation zone as indicated by the red arrow.
BTC is bullish overall but day traders should watch out for stop loss.
KINDLY LIKE AND COMMENT....
BTC has pushed up to FIB 23.6 level following the breakout. This FIB23.6/ $40K is now acting as a support level.
POSSIBILITIES
1. Push up to FIB 38.6 or FIB 50 evzones as indicated by the green arrows
2. Retrace back to the previous consolidation zone as indicated by the red arrow.
BTC is bullish overall but day traders should watch out for stop loss.
KINDLY LIKE AND COMMENT....
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.