The price has reached the Fibonacci range of 1.618 This line is a very important resistance and the price can drop a lot from this Point D. The price in the D range has reached Fib Extension 1.618, which provide a platform for the price to fall. As you can see, the price has hit the 38% line of the pitchfork marked in yellow. Divergence -RD shows us that the price will fall soon. Oscillators show us the future of the market.
Remember Do not covet that the fall from Mount Everest takes only 12 seconds , wait and Buy Bitcoin at lower prices.
Fib 1.618 = 30.000 $
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea . Have a nice day and Good luck.
Comment
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BTC/USD fake decrease!(bullish divergence has occurred!)
I definitely agree, we should see a nice retracement come in the near future :) but we first need to see some of this bullish momentum fade away, because everything is still extremely bullish on btcusd, first step would be to see a nice break below the daily support
Topcd84
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Thanks Bro.
But you've made a serious mistake.
Mount Everest height is 8,849 Meters
So using Free Fall Time's formula (T=√2H/g)
It takes about 42 or 43 seconds to fall with speed of 1500 Km/h at the end.
BoOoOoMM
So let's not to covet to stay alive.
leon1943
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good job thanks for sharing
tttyou1
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nice analysis
OneOpportunity
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For the first time there is now a lot of institutional interest and investment in bitcoin as a long-term hedge against inflation and monetary policy. Institutional FOMO and bitcoin’s supply shock will overcome any technical analysis as we have seen since passing the previous ATH.
Historically, a bull run is triggered whenever bitcoin passes a previous ATH so I doubt we will see a correction to below the previous ATH. Bitcoin is much less of a speculative asset than in previous cycles so expect to see more strong hands.