BTCUSD CEX.IO Drop to $6034.90 (fibonacci 0,236)

CEXIO:BTCUSD   Bitcoin / U.S. Dollar
Hello, people!

Here is my amateur analysis of BTC for next 2-3 days.

1. We are still going down within the channel. After we touch $6,000 we will try to break through fibonacci levels 0,382 and close there firmly.
2. Fibonacci shows next major support at 0,236.
3. We are still below moving averages 20, 50 and just touching 200.
3. MACD shows downtrend on 4hr, 1hr and smaller time frames.
4. Volumes are decreasing.

In conclusion: We need to break through the descending channel in order to see growth to next major resistance level .

Best regards,
Comment: Still moving towards $6,000 unless we break through the channel and see solid "buy" volumes.
Comment: Barely broke the channel resistance, but we need to close firmly there for a day to expect further growth. If we close below $8,300 we can still have a fall to $6,000
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out