BitcoinShort
Looks like a bull trap BTC/USD 4H
On 22nd of June I made a forecast that the chart could reach the level of 9500 but it went further and reached the level of 9700. OK,
at least the chart returned to the downward channel, so we can call it a "bull trap". I moved Fibonacci Retracement closer to the current candles and saw that the chart reached 0.236 of Fibonacci. In theory, after reaching the level of 0.236 there is a possibility to make a radical move to the level of 1.618 (8200). Let's see what will happen. I think the chart will continue the downward movement.
This post is only for educational proposes and does not provide financial advice.
at least the chart returned to the downward channel, so we can call it a "bull trap". I moved Fibonacci Retracement closer to the current candles and saw that the chart reached 0.236 of Fibonacci. In theory, after reaching the level of 0.236 there is a possibility to make a radical move to the level of 1.618 (8200). Let's see what will happen. I think the chart will continue the downward movement.
This post is only for educational proposes and does not provide 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.