BTC 23.6 retracement to 61.8 for continuation down to 11,780
Bitcoin has been in a consolidation range for the past few weeks tapping lows at $15,000
Buyers have managed to hold that level and has continued to work its way back up currently at $17,000 I am anticipating MOMENTARY buying activity to retrace back 61.8% of last months trading activity before continuing down with the overall downtrend. There is a huge wick on the 4 hr timeframe with a body closed at $19,470.
Buyers have managed to hold that level and has continued to work its way back up currently at $17,000 I am anticipating MOMENTARY buying activity to retrace back 61.8% of last months trading activity before continuing down with the overall downtrend. There is a huge wick on the 4 hr timeframe with a body closed at $19,470.