snoopy860228

BTC/USD Fibonacci potential downtrend!!

Long
snoopy860228 Mis à jour   
BITFINEX:BTCUSD   Bitcoin
If we analyze the Fibonacci levels since the 05/05, which was the last peak, we can notice that the price retrace on almost every Fibonacci level. The current price is placed in the 23.6% right now, which may present another retracement. In addition, there is also a resistance line at the current price. My advice would be to wait for the price to break the current level, if the price doesnt break, we may see a big retracement.
Transaction en cours:
BTC still having problems to break the 23.6% Fibonacci level. I recommend waiting for the price to break the line if you are going to put money in.
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.