Bitcoin / TetherUS
Singkat

Bitcoin - entered an extremely dangerous zone!

183
Hello, Traders!

After long attempts to pass the resistance level of 18800 $ Bitcoin went into a correction to the support levels.

As we can see, the trend's acceleration ceased as a result of breaking the trendline growth from 15800 $, the price fell under the MA100 by 1-hour timeframe and formed a downward trend on the indicator RSI.

Now we can distinguish several zones of buyer's interest, each of which corresponds to the correctional Fibonacci levels :

17930 - 18245 $ (0,236)
17365 - 17600 $ (0,382)
16200 - 16475 $ (0,618)
15560 - 15800 $ (0,786)

We can observe the traded zone in the area between $17600-16475, consequently, if the next buy liquidity buffer between $177365-17600 does not stop the sellers then Bitcoin may be in a dangerous situation and will continue correction to $16475.

Trade with extreme caution and don't forget the risk-management!

Please leave your feedback on my setup in the comments below

Penafian

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