Bitcoin daily chart finding support on its 200SMA in area 46,900 after the drop that tested successfully its 61.8% Fibonacci retracement of the July-November uptrend.
The 04th December candlestick looks bullish given its large shade, but prices made a pullback on the broken bullish trendline.
Possibility of further price compression and development of congestion before taking direction. At the moment more likely trading range opportunities.
Below 200SMA and 61.8% Fibo continuation of bear market while a breakout above its bullish trendline would create conditions for bringing buyers in control again.
The 04th December candlestick looks bullish given its large shade, but prices made a pullback on the broken bullish trendline.
Possibility of further price compression and development of congestion before taking direction. At the moment more likely trading range opportunities.
Below 200SMA and 61.8% Fibo continuation of bear market while a breakout above its bullish trendline would create conditions for bringing buyers in control again.
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.