Will do it short :
- BTC retraced 38.2% Fibo on CME
- BTC retraced to 50% Fibo (50,000 ish On Exchanges, not on CME)
- Nice gap to take back around 57,800-60,000 zones
if we break down EMA50 ( Green EMA ) then we could see more bearish move to :
- Fibo 68.2% : 47,000
- EMA100 : 43,000 support ( Orange EMA )
- EMA200 : 33,000 support ( Very strong support ) ( Red EMA + Very Big demand zone )
if we retraced already next target should be :
- next TP 74k+
That said this retracement is logic. everything going up have to go down to reinforce before going up again. No need to panic.
i used Chicago CME ( institutional players are here ) , so don't compare BTC price, it's different from Exchanges.
Happy Tr4Ding !
- BTC retraced 38.2% Fibo on CME
- BTC retraced to 50% Fibo (50,000 ish On Exchanges, not on CME)
- Nice gap to take back around 57,800-60,000 zones
if we break down EMA50 ( Green EMA ) then we could see more bearish move to :
- Fibo 68.2% : 47,000
- EMA100 : 43,000 support ( Orange EMA )
- EMA200 : 33,000 support ( Very strong support ) ( Red EMA + Very Big demand zone )
if we retraced already next target should be :
- next TP 74k+
That said this retracement is logic. everything going up have to go down to reinforce before going up again. No need to panic.
i used Chicago CME ( institutional players are here ) , so don't compare BTC price, it's different from Exchanges.
Happy Tr4Ding !
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Bounces ( Exchanges View Binance )Nota
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EMAs ( Exchange View )Nota
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get it ?
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keep an eye on that triangle.Nota
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.