BTC is still in a clear bearish trend on the daily chart.
The 61.8% Fib. Ret. level of the recent swing low has been tested a couple of times.
No clear signs of a reversal yet.
Look closely to the 20 EMA (Orange) crossing the 100 MA (Bark blue).
When this "death cross" occurs it will most likely trigger alot of traders to sell.
The next support to look out for is the Fib Ret. 78.6%.
The 61.8% Fib. Ret. level of the recent swing low has been tested a couple of times.
No clear signs of a reversal yet.
Look closely to the 20 EMA (Orange) crossing the 100 MA (Bark blue).
When this "death cross" occurs it will most likely trigger alot of traders to sell.
The next support to look out for is the Fib Ret. 78.6%.
Comment:
Almost hitting buy target. All aboard peepz
Comment:
78% fib broken, Look for new target 100% retrace level: 4726 EU