BTC/USD : fibo target 10500 reached !
Hello everyone,
The target of 10500 has been reached, what now? It is important to see that top formation in the RSI is manifesting itself. We are approaching a short-term summit that can now be formed. 10500 is also the 0.382 level of fibonacci. Cooling is again necessary to continue rising!
I think we are going to make a correcting back to the zone 9000 (0.618 fibo), this also comes together with the MA50 that should provide support.
Support: 9800 / MA20 / 9000 / MA50
Resistance: 11500/13200
Good luck !
Regards
TT
The target of 10500 has been reached, what now? It is important to see that top formation in the RSI is manifesting itself. We are approaching a short-term summit that can now be formed. 10500 is also the 0.382 level of fibonacci. Cooling is again necessary to continue rising!
I think we are going to make a correcting back to the zone 9000 (0.618 fibo), this also comes together with the MA50 that should provide support.
Support: 9800 / MA20 / 9000 / MA50
Resistance: 11500/13200
Good luck !
Regards
TT
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