Hi Guys,
The way we've been going up from the recent pull back to next Fibonacci resistance around $38k, we need to close above 38k on daily candle to invite more buyers to join in. Also, media has been spreading the #FUD regarding Bitcoin going back to $20k, usually 100% retracement doesn't happen that often unless fundamentals are very poor, not the case with Bitcoin.
Still Neutral but towards bullish side.
~Happy Trading
The way we've been going up from the recent pull back to next Fibonacci resistance around $38k, we need to close above 38k on daily candle to invite more buyers to join in. Also, media has been spreading the #FUD regarding Bitcoin going back to $20k, usually 100% retracement doesn't happen that often unless fundamentals are very poor, not the case with Bitcoin.
Still Neutral but towards bullish side.
~Happy Trading
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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.