Check this video about the recent breakout on BTCUSD from the channel and the expected retest to the support level.
For a very long time now, BTCUSD has being in a bearish form, precisely in a channel. But from what we are seeing now, the market has broken through the channel and got cleanly rejected at 61.8 fib level. Now, this rejection shows that there will be a retest will likely be on the next support level at 40167.87 which the same level with 200 SMA and 32.8 fib level. This level holds as the major strong support and reversal level.
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For a very long time now, BTCUSD has being in a bearish form, precisely in a channel. But from what we are seeing now, the market has broken through the channel and got cleanly rejected at 61.8 fib level. Now, this rejection shows that there will be a retest will likely be on the next support level at 40167.87 which the same level with 200 SMA and 32.8 fib level. This level holds as the major strong support and reversal level.
Follow us to get exclusive/ simplified tutorials, ideas and signals