BTCUSD
at the request of several traders ... starting this week I will also analyze BTCUSD
THIS WEEK...If we make a parallel between the chart on a week and one month because the month of May closes ...we can see the very strong support that formed on the 1 week chart coincides with the Fibonacci 0.5 level formed on the 1 month chart!
If May closes below 0.5 Fibonacci level then I will continue to bet on a strong BTC depreciation to Fibonacci 618 area
If it closes above Fibonacci 0.5 then BTC will make a range in the green rectangle!
Any closure outside the green rectangle even for 1 day ... I strongly believe that it will give the new trend of BTC!
I will update this chart on Tuesday, June 1, after May closes.
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
THIS WEEK...If we make a parallel between the chart on a week and one month because the month of May closes ...we can see the very strong support that formed on the 1 week chart coincides with the Fibonacci 0.5 level formed on the 1 month chart!
If May closes below 0.5 Fibonacci level then I will continue to bet on a strong BTC depreciation to Fibonacci 618 area
If it closes above Fibonacci 0.5 then BTC will make a range in the green rectangle!
Any closure outside the green rectangle even for 1 day ... I strongly believe that it will give the new trend of BTC!
I will update this chart on Tuesday, June 1, after May closes.
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.