anedjai

BTC Retesting 61.8% Fibonacci Retracement Line

BITFINEX:BTCUSD   Bitcoin
BTC is testing the 61.8% support at around $7800. This was previously tested on Feb 2nd and you can see how this led to a breakout with the huge volume. We are seeing another test at this previous bottom today on this 4-hour candle chart, with another big volume bar although not as big as the previous one.

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.