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It looks like Bitcoin tested the previous big resistance as support and respected it. The horizontal line is a very important level imo. above = bullish and below = bearish .
BTC retraced also to Fibonacci retracement 0.5 level. Overal this looks very healthy to me. Only thing I still keeping in mind is the CME gap at 9645. But this doesn't have to mean anything. It can take Days, Weeks, Months to fill CME gaps. I just hope it will get filled asap so that we don't have to look back for it anymore and move on.
Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades ( NFA ).
BTC retraced also to Fibonacci retracement 0.5 level. Overal this looks very healthy to me. Only thing I still keeping in mind is the CME gap at 9645. But this doesn't have to mean anything. It can take Days, Weeks, Months to fill CME gaps. I just hope it will get filled asap so that we don't have to look back for it anymore and move on.
Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades ( NFA ).
Comments
BTC needs to cool down.
Retail greed is setting in.
Institutional traders on the bearish side.
Check out the idea below.