BTCUSDLive Chart - https://www.tradingview.com/chart/rEjC9P52/
Greetings All
Bitcoin is in one heck of a bar room brawl at the moment.
To the downside its rejected the last 4 times at the median line of the downward sloping Andrews Pitchfork.
To the upside a candle has not closed below the 61.8% Fib retracement ( @35589 derived from the A pivot of the upward sloping Modified Schiff Pitchfork to the All time High Price )
The 2 zones meet together on 31 May. Between now and 31 May a close above the Median Line would be a step in the right direction. A close below the 61.8% level...well lets just say its not good!
till next time
FXcrypto
-Disclaimer: This is not a recommendation to buy and sell. For Educational Purposes only
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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.