RyodaBrainless

Bitcoin | A Reversal Movement

Long
BITSTAMP:BTCUSD   Bitcoin
Sunday, 29 November 2020
22:29 PM (WIB)


After the correction move from 25 November as seen on the chart, it was as expected to be at 0.618 Fibonacci Retracement. The result shows very strong support for Bitcoin to not dropdown more, which could be seen at the very long tail and a dragonfly doji, with (seems) three white soldiers formation. This is indicating a reversal movement to continue moving upward movement. However, the three white soldiers could be broken and just a retracement IF Bitcoin starting the downtrend movement, after that.



Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.