BTC at such a crucial level
Past few weeks have not been to bright for BTC-hodlers. However, it is important to point out that these corrections are more than normal in a bull cycle. Especially in a super-cycle should you be a supporter of that theory.
I'll leave a link to the super cycle theory
42k is definitely the most important level to hold in order for us to remain in a bullish market structure setup. Should we fail to hold this then our next support level should be around 38k which coincides with the golden pocket of the Fibonacci expansion.
How are you feeling about BTC today?
I'll leave a link to the super cycle theory
42k is definitely the most important level to hold in order for us to remain in a bullish market structure setup. Should we fail to hold this then our next support level should be around 38k which coincides with the golden pocket of the Fibonacci expansion.
How are you feeling about BTC today?
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.