BTC1D Support and RESISTANCE
BTC 1D.
For now we have a
14K as support area that use to be a resistance and 1.618 Fib level. Few days ago we broke true 14K/1.618 Fib Level and i think BTC should find new resistance at 17K/ 2.618 Fib Level.
So current support area around14K current resistance should be around 17K/2.618 Fib Level. I think for now BTC will hit new resistance go down test support and will be going up and down between 14K(SUPPORT) and 17K(RESISTANCE) till 17K/ 2.618 will be broken or 14K might not hold and break to down side. BLUE PATERN if support going to hold
If 17K/ 2.618Fib Level will be broken this time meaning BTC will keep going up true 17K and it's also possible to then BTC should find resistance at 3.618 Fib Level/ $19-20K. GREEN PATERN.
Make your own decision but its nice to know what others are thinking. Everybody Have a good profitable trading.
For now we have a
14K as support area that use to be a resistance and 1.618 Fib level. Few days ago we broke true 14K/1.618 Fib Level and i think BTC should find new resistance at 17K/ 2.618 Fib Level.So current support area around
14K current resistance should be around 17K/2.618 Fib Level. I think for now BTC will hit new resistance go down test support and will be going up and down between 14K(SUPPORT) and 17K(RESISTANCE) till 17K/ 2.618 will be broken or 14K might not hold and break to down side. BLUE PATERN if support going to hold If 17K/ 2.618Fib Level will be broken this time meaning BTC will keep going up true 17K and it's also possible to then BTC should find resistance at 3.618 Fib Level/ $19-20K. GREEN PATERN.
Make your own decision but its nice to know what others are thinking. Everybody Have a good profitable trading.
Related publications
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.