BitcoinShort
BITCOIN
The price action that is currently playing out demonstrates a bearish bias. Price has failed to make a higher high past the 42000 zone.
On the daily chart, price has rejected the weekly kill zone resistance at 41000-43000. Latest daily candle forming a doji.
On the 4/1Hr time frame, the latest bearish impulse has retraced to the previous 'M' neckline resistance and is now testing the 78.6% and 61.8% fib zones. This is a pullback that presents us with a great risk to reward opportunity for a SHORT, with a target of 35000 before a possible pullback to go even lower.
This analysis should not be considered financial advice, DYOR
On the daily chart, price has rejected the weekly kill zone resistance at 41000-43000. Latest daily candle forming a doji.
On the 4/1Hr time frame, the latest bearish impulse has retraced to the previous 'M' neckline resistance and is now testing the 78.6% and 61.8% fib zones. This is a pullback that presents us with a great risk to reward opportunity for a SHORT, with a target of 35000 before a possible pullback to go even lower.
This analysis should not be considered financial advice, DYOR
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.