BitcoinUpdated Bitcoin Retrace Over?
Bitcoin (BTCUSD) took a two days break and is starting to bounce.
It is challenging EMA10 right now after a false breakdown below the 0.786 Fib. retracement level from the last bullish wave.
If BTCUSD can remain above EMA10 ($8057), this is a good signal telling us that it is likely to go higher.
But if BTCUSD moves below $7993 (0.786 Fib. retracement support), it can easily below lower (red arrow).
To the upside, the next target is sitting at $8168 followed by $8225 (short-term).
Depending on how these levels are handled, we focus on what happens next... What's your take?
Namaste.
It is challenging EMA10 right now after a false breakdown below the 0.786 Fib. retracement level from the last bullish wave.
If BTCUSD can remain above EMA10 ($8057), this is a good signal telling us that it is likely to go higher.
But if BTCUSD moves below $7993 (0.786 Fib. retracement support), it can easily below lower (red arrow).
To the upside, the next target is sitting at $8168 followed by $8225 (short-term).
Depending on how these levels are handled, we focus on what happens next... What's your take?
Namaste.
Note
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Note
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Note
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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.
💥💥💥 Gain LIFETIME access for a one-time-payment 👉 lamatrades.com (Since 2017)
Results:
🥇XRP +2010%
🥇ADA +2216%
🥇TOSHI +1642%
🥇AVA +536%
🥇TRUMP +300%
t.me/anandatrades/971
🏆 More: t.me/alansantana1111/5935
Results:
🥇XRP +2010%
🥇ADA +2216%
🥇TOSHI +1642%
🥇AVA +536%
🥇TRUMP +300%
t.me/anandatrades/971
🏆 More: t.me/alansantana1111/5935
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.