Hi everyone, as I mentioned on my previous analysis on monthly, we may see a significant pullback, so i decided to point where we have a supports at bitcoin.
First support is seen at around 18000 which would mean retest of high from 2017/2018, also there is 61.8 pullback from last rally from 3.2k to 42k. second support is seen at previous resistance which occured to be at around 11500 where also lies 78.6 fibonnaci retracment and 61.8 retracment from 2018. this support should be counted as initial, if we will go any lower than that, we may see pullback to as low as 3300 (low from the week of december 10 2018).
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
First support is seen at around 18000 which would mean retest of high from 2017/2018, also there is 61.8 pullback from last rally from 3.2k to 42k. second support is seen at previous resistance which occured to be at around 11500 where also lies 78.6 fibonnaci retracment and 61.8 retracment from 2018. this support should be counted as initial, if we will go any lower than that, we may see pullback to as low as 3300 (low from the week of december 10 2018).
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
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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.
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.