$BTC 4-HOUR MA Ribbon

13 Sep 2021

This is a quick chart to zoom in on what we are exactly looking at. The key levels reside within our key Fibs. $48.6-48.8K remains resistance. For support we need to stay over 42.3K. Range bound until we find which level breaks first. If we break up, we will see a continuation in that direction, BUT....If we break below 42.3K, then I would expect further downside. For now that .5 Fib has us pinned.