ATH Flip level for BTC using Fibonacci and confluence of important levels including structural support, Fibonacci and Monthly High, RSI
RSI : Oversold Zone
Scenario 1) BTC Flips from Fib 0.5 (54300)
Good consolidation and breakout
Target - 81056
Scenario 2) BTC Flips from Fib 0.618
Target - 78600
Further update upcoming
Thank You.
RSI : Oversold Zone
Scenario 1) BTC Flips from Fib 0.5 (54300)
Good consolidation and breakout
Target - 81056
Scenario 2) BTC Flips from Fib 0.618
Target - 78600
Further update upcoming
Thank You.
Note
As we can see, we did not get any closing above our confirmation level, therefore there was no reason to go long and get trapped unnecessarily.
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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.