Hello traders,
Critical level for BTCUSD chart as we retest the .382 Fibonacci retracement line
- If the bulls have another push in them, clear target will be the 0.5 Fib line at $11,573, will quite possibly be at play
- We need healthy consolidation and respect of the .382 Fibonacci line, Id like to see BTC Retrace back to the .236 Fib, confirming support and then continue on higher
- We noticeably have low volume on the daily compared to previous volume and a possible bearish divergence may be coming into play
What are your thoughts?
Please Leave a Like and Comment :)
Critical level for BTCUSD chart as we retest the .382 Fibonacci retracement line
- If the bulls have another push in them, clear target will be the 0.5 Fib line at $11,573, will quite possibly be at play
- We need healthy consolidation and respect of the .382 Fibonacci line, Id like to see BTC Retrace back to the .236 Fib, confirming support and then continue on higher
- We noticeably have low volume on the daily compared to previous volume and a possible bearish divergence may be coming into play
What are your thoughts?
Please Leave a Like and Comment :)
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.