alxgmn

alxgmn

Based on Technical Indicators: MACD, RSI. And Trend Analysis: Fib Extension and Fib Retracement

alxgmn

I expect a extension in the long term to 52 K, but the market seems too extended for now. For that extension to be accomplished, the market needs no retrace first (this is validated by MACD and RSI oscillators, and Fibonacci Retracement and Extension). I expect a retracement at 32.5 K; i consider it a good value to enter in this long...

alxgmn

We can expect a retracement according to Fib Extension and Fib Retracement analysis. This is confirmed by MACD and RSI Oscillators

alxgmn

We can se now that Bitcoin failed to recover from the accumulation zone it was before, and the market decided to continue dropping to lower levels. In my humble opinion i think that Bitcoin will continue its fall to the closest higher demand zone pointed out in the orange rectangle in the bottom. This is also confirmed by the Moving Average indicators and the...