Bitcoin Daily Range & Trend
BTC on the daily range
Each time Bitcoin has retested the RK1 (RyuKumo Level 1) support shown on chart on the daily it has respect and bounced off
Longer term daily chart has still maintained bullish since $3600 area
This doesn't mean to enter now as the +TR - Bullish Trend Reversal shown at $3600, but above the 0.294 fib and RK1 support then the bullish trend is still intact
Breakout of 0.236 fib resistance level turned support to continue the trend
A break can still trigger a pullback to next supports shown on the chart near RK2 support and the horizontal support line around $9100 - $9400
With the next support at RK3 and 0.5 fib around $8500 - $8800 area
Trend weaken if RK1 is broken and turning bearish if the RK3/0.5 fib support broken holding below
Can see the support/resistance areas shown on chart
Each time Bitcoin has retested the RK1 (RyuKumo Level 1) support shown on chart on the daily it has respect and bounced off
Longer term daily chart has still maintained bullish since $3600 area
This doesn't mean to enter now as the +TR - Bullish Trend Reversal shown at $3600, but above the 0.294 fib and RK1 support then the bullish trend is still intact
Breakout of 0.236 fib resistance level turned support to continue the trend
A break can still trigger a pullback to next supports shown on the chart near RK2 support and the horizontal support line around $9100 - $9400
With the next support at RK3 and 0.5 fib around $8500 - $8800 area
Trend weaken if RK1 is broken and turning bearish if the RK3/0.5 fib support broken holding below
Can see the support/resistance areas shown on chart
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