RonPeter_Trading

RonPeter_Trading Updated 

Bitcoin is trending upward, with prices rising from about 90,000 USDT all the way to nearly 105,000 USDT. Since late January, Bitcoin prices are entering a converging triangle area. The area is limited by a descending trend line above and a support line below. The current performance of the market shows that price fluctuations are getting smaller and smaller,...

RonPeter_Trading

Judging from the recent decline of BTC from the high of $108,318 to the low of $92,458, the price tested multiple Fibonacci levels during the rebound. Among them, the 0.5 level ($100,388.32) has become a key support level at present, while the 0.618 level ($102,259.76) as an important resistance level limits further rise in the short term. The current price is...

RonPeter_Trading

BTC is currently in a high-level wide range oscillation stage. After the price rose and fell in the previous period, it continued to weaken in the downward channel until it rebounded and rebounded at the 92000 line. The resistance of the 100000 line above continued to suppress, and the price formed a horizontal wide range after experiencing multiple ups and...

RonPeter_Trading

Gold prices have seen a significant pullback from recent highs and are now trading between key Fibonacci retracement levels. The key retracement levels of prices from previous highs to lows include: 23.6% ($2,617.15), 38.2% ($2,638.02), 50% ($2,654.88) and 61.8% ($2,671.74). The price is currently hovering around the 38.2% level and showing some signs of...

RonPeter_Trading

After falling from a high level, BTC has been fluctuating downward around this downward channel. So far, the structure has been broken in the US market. The price on the hourly line adjusted to the upper edge of the downward channel at 94,000 and fell under pressure. It broke through the previous low of 92,545 and opened up the space below. The current price fell...

RonPeter_Trading

BTC has recently fallen from a high level. The price turned and fell from the high point of 108340 to 92542 to stop falling and adjust. So far, BTC has entered a short-term decline. The price on the hourly line rebounded to the support of 92542 and rose. The price failed to hit the integer of 100,000 for the second time, forming a double top decline structure....

RonPeter_Trading

After completing five waves of accelerated rise, Bitcoin is currently entering a correction downward trend. The current price has broken through the rising channel and rebounded at 92,000, which forms a relatively important support level. If the price falls below this support, the next support range may be close to the starting position of the previous rising...