BitcoinUpdated Bitcoin (BTCUSD): On The Edge
A massive sell-off in Bitcoin today caught some people by surprise. My goal is to present a specific criteria for trend change in this market. In my view, the break of $4236, which is a cluster of the pitchfork trendline and an important fibo-level would lead to more selling and confirm that the market is in a correction mode. Downside targets are drawn on the chart.
Note
To illustrate my logic further, on a smaller-degree chart: Trade closed: target reached
Main target $3700 has been reached.
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Сервис: NixService.net
Telegram: t.me/NixTrading
Related publications
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.
Агент-аналитик: t.me/NixAgent
Сервис: NixService.net
Telegram: t.me/NixTrading
Сервис: NixService.net
Telegram: t.me/NixTrading
Related publications
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.