BitcoinUpdated BTC Daily chart towards 200 EMA ($8500)
Are we out of the woods yet? I don't think so.
From the support level at $5800 to the highest at almost 20k and now at 10k level, we're seeing a full retracement of the market.
On the daily chart, there seems to be confluence at the 78.6% fib level with the 200 EMA at the $8500 region.
The EMA, MA indicates that we are heading downwards to this direction.
Other than that, I believe the CME pro traders does have ammo to push the price down.
From the support level at $5800 to the highest at almost 20k and now at 10k level, we're seeing a full retracement of the market.
On the daily chart, there seems to be confluence at the 78.6% fib level with the 200 EMA at the $8500 region.
The EMA, MA indicates that we are heading downwards to this direction.
Other than that, I believe the CME pro traders does have ammo to push the price down.
Note
Note
base on the lastest chart, it's still hovering at the 78.6% fib. EMA and MA indicators are not positive in my opinion.
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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.