The swing trade turned out pretty amazing which I mentioned in my last chart for BTC and before that as well. It hits the 61.8% fibo and gives a reversal. No we can see some upside to 10,500 Target Area to reach towards the Median line of the fork and also the trend line. For time being we can see BTCUSD on the up side but it will be a struggle for it to break that level as over all it is still in a down trend. But for now we can take short term profit and see how the market reacts once it reaches that level.
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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.