0.618 Fibonacci Level (bearish retest of uptrend) BTC
It appears sellers may want a retest of $31,999 ish and that will be the deciding zone for either continuation to the downside or more up. If we bounce here I'm expecting a retest of the downtrend trend line where buyers will either break out or get rejected to form a downtrend.
Patience my friends, never rush the process of trading.
Patience my friends, never rush the process of trading.
Trade active
Or the blue circle must get flipped into support 0.786 fibonacci level ($33,218)
Trade active
this played out nicely
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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.