"I think it's the trend lines that drive Bitcoin's ups and downs. As you can see, on the four-hour timeframe, Bitcoin hit the trend line and started to rise again, coinciding with the Williams indicator signaling growth. It appears that the profit target is close to the 38.2% Fibonacci level, as indicated by the green trend line on the four-hour timeframe. Good luck!"
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.
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.