Possible trend line bounce? Seems likely considering our regression trend bottom lines up nicely with our .786 fib level. This local support has shown a lot of power behind it. if we break that 37,5 level than we can rediscuss btc's options, yet for now btc is in a solid position considering we just are coming out of a big dip from our previous bull run. Ti 's are right for opening another long position as i said before in my previous chart where we predicted a perfect opportunity for opening up a new long position before hitting our 48k zone.
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.