BitcoinPenjualan
BTC - Possible Downtrend Symmetrical Retrace
Inspired by Queen Fibs Symmetry, I noticed a possible retrace of a the prior swing high to swing low of 55 bars. Testing the ideas.
The 100% retrace would be 9295.6.
The 1.618 is 8694. There's a 2nd fib ext line, .786 at 8692. If 100 doesn't hold, strong support here could turn it around.
On the way down, minor S&R at 10k, 9850, 9550,
Trigger to sell would be when the 8 ema crosses below the 34 ema and takes out prior pivot, just below 10,300.
Let's see how this plays out.
The 100% retrace would be 9295.6.
The 1.618 is 8694. There's a 2nd fib ext line, .786 at 8692. If 100 doesn't hold, strong support here could turn it around.
On the way down, minor S&R at 10k, 9850, 9550,
Trigger to sell would be when the 8 ema crosses below the 34 ema and takes out prior pivot, just below 10,300.
Let's see how this plays out.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.