TradingView
PolarHusk
Jan 15, 2021 5:17 PM

BTC/USD (Strong Rejection at 0.786 Fib) 

Bitcoin / U.S. dollarBitstamp

Description

💎Technical Analysis Summary💎



BITSTAMP: BTCUSD

-Bitcoin got rejected at the last Fib resistance level of 0.786
-Also, it broke the upward trendline support with a Bearish candle
-During the strong sell, the price reacted at 0.618 Fib level
-The 34k dollar is a confluence of 100MA support area
-This time around is crucial for the Bulls because they lose the short-term strength
-If the Bears will send more follow-through in the coming few hours
-We might see a revisit of 32k-31k dollars in the coming days
-Please be cautious about your trade and Altcoins
-Always follow your trading plan and stop-loss must be strictly followed





⚠️Please always read the description⚠️

A big Thanks for donating 💰 via Tradingview coins this week to miguelsotelo139 🙏🎉


``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
Comments
BobRivera990
I'm really confused
bestfarbit74
good one, lets see where choose to go
elsacatherine007
Thanks for sharing
cryptotraderog
Let’s see if we can get a good trade in
Stargazer_fx
thanks for the analysis
seba26-77
aliamir91baba
It s good.
Pps33_Day
thx, excellent presentation
seba26-77
Good point! Great view
TheSignalyst
makes perfect sense! good job mate
More