Bitcoin Sub $30K!! 😧📉
Crypto's have fallen across the board to new relative lows, smashing strong levels of support all around. Bitcoin is now exception and our prediction of sub 30K BTC is now a reality. The Kovach OBV is quite bearish, and we appear to be getting comfortable in the 20K's. The nearest support level is 28.8K. This level perfectly aligns with inverse Fibonacci extension levels. We anchored our Fib levels at the boundary of the range BTC held this weekend. We've simply run out of levels below 28.8K, so the tool will project the next levels of support. After 28.8K we have 27.5K. From above, we will have to break at least 30K to be considered bullish.
Note
Bear flag in Bitcoin! Look out below!!
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Join my discord at discord.io/quantguy
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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.