Next entry point @41500
Updated
We have several major formations we cannot ignore.
Bitcoin formed a channel and already touch the top.
After a big pump - retrace is expected. Good news is that previous ATH @41500 is already broken. But where to search for retrace point?
Here comes fib levels. .681 level match previous resistance @41500. We have dynamic support/resistance from a long time ago. That support/resistance is very important! It react in key levels from a months.
Oscillators shows that bitcoin is too much overpriced now.
It seems we will have a bonus entry level soon.
Bitcoin formed a channel and already touch the top.
After a big pump - retrace is expected. Good news is that previous ATH @41500 is already broken. But where to search for retrace point?
Here comes fib levels. .681 level match previous resistance @41500. We have dynamic support/resistance from a long time ago. That support/resistance is very important! It react in key levels from a months.
Oscillators shows that bitcoin is too much overpriced now.
It seems we will have a bonus entry level soon.
Note
Bitcoin already broke a rising wedge 15 minute chart. Rising wedge is a bearish pattern. Some people are driving me crazy when predicting broke at opposite side of wedges.
Note
Here is dynamic support/resistance we might take care of.
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.