BitcoinShort
BTC - 4 H - CORRECTIVE RECOVERY...
After having filled the 38.2% Fibonacci retracement @ 18504 (low of 18500), BTC will find some important levels to break
19209 : 50 % Fib ret
19376 : 61.8 % Fib ret which is also currently the level of the downtrend line resistance
Recent price action should for the time being, be seen as a corrective move only on a new downtrend.
As mentioned on my update on D1, only a clear breakout of the 19450/19700 trading zone would force a reassessment of the
expected bearish scenario
19209 : 50 % Fib ret
19376 : 61.8 % Fib ret which is also currently the level of the downtrend line resistance
Recent price action should for the time being, be seen as a corrective move only on a new downtrend.
As mentioned on my update on D1, only a clear breakout of the 19450/19700 trading zone would force a reassessment of the
expected bearish scenario
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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.