Bitcoin Analysis [January 28, 2022]
Fibonacci retracement tool and trendlines were greatly implemented in analyzing this one (1) week candlestick timeframe (TF) chart.
A new support line is drawn to which was respected. FIB3 and FIB4 are also redrawn. We therefore have a new FIB4 take profit zone, but before smashing that price, we should be looking forward to a crazy reaction at FIB4 50.0% zone and its 100.0& zone.
The support line will be considered invalid if it is successfully broken to the downside with a close of a candlestick.
Either FIB3 and FIB4 will be considered invalid if price drops below 100.0% and 0.00% respectively.
Kindly note this is not a signal group. This article is for educational purpose and not a financial advice. As we know, the cryptoverse is a highly volatile ecosystem. Do your due diligence.
A new support line is drawn to which was respected. FIB3 and FIB4 are also redrawn. We therefore have a new FIB4 take profit zone, but before smashing that price, we should be looking forward to a crazy reaction at FIB4 50.0% zone and its 100.0& zone.
The support line will be considered invalid if it is successfully broken to the downside with a close of a candlestick.
Either FIB3 and FIB4 will be considered invalid if price drops below 100.0% and 0.00% respectively.
Kindly note this is not a signal group. This article is for educational purpose and not a financial advice. As we know, the cryptoverse is a highly volatile ecosystem. Do your due diligence.
Dagangan aktif
Pesanan dibatalkan
Support Trendline didn't hold.
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.