BitcoinUpdated BTC closing on support levels
Confluence of multiple support zones at the circled level on chart.
Parallel trend line in light blue.
.5 fibonacci retracement of 22/12 lows to 27/12 highs & previous support (dark blue line) all the way back to 10/12 which has acted as support on a few other occasions.
1 fibonacci extension level with 28/12 lows.
A break of this level and we'll see an extended dip towards "target" level.
A bounce will lead to expected retest of 15k level.
Parallel trend line in light blue.
.5 fibonacci retracement of 22/12 lows to 27/12 highs & previous support (dark blue line) all the way back to 10/12 which has acted as support on a few other occasions.
1 fibonacci extension level with 28/12 lows.
A break of this level and we'll see an extended dip towards "target" level.
A bounce will lead to expected retest of 15k level.
Note
$13400 level broken. Next support zone around $12700Note
retesting former support
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.
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.