RSibayan

Bitcoin - Must Find Support Or Else Potential 84% Retracement

COINBASE:BTCUSD   Bitcoin
If Bitcoin would now consolidate and range (go sideways) from here or find support at the 382 Fib, plus if it would continue to respect the green support line then by April or May 2022 Bitcoin could continue it's destined journey to new ATHs.

Otherwise, if Bitcoin breaks the green support then here are the target levels...
DPT:
$44,115
$36,429
$28,742
$17,798
$14,280

MACD: Bearish Divergence
Week Stoch RSI: Downward Directed Momentum

UPT: $53,626

Do you remember the 84% retracement back in December of 2018?

I so clearly remember that moment!

So, you better watch out.

Price action is KING!

More power to all your trades, my friends!

Ron
Intrepid_Trader

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.