Hello,
We can find BTC testing .382 Fibb in order to reach .618, we have resitances at $43k zone and $50k zone, and support down to $30k ( In this case can be a confirmation of the breakout falling wedge)
Risk reward in case of bitcoin wouldn t make us stay on a trade, but for hodlers this doesn t apply.
Traders would take a good look for such an opportunity at -26% from .382 fibb level
Take care,
This is not a trading advice,
St.Gex
We can find BTC testing .382 Fibb in order to reach .618, we have resitances at $43k zone and $50k zone, and support down to $30k ( In this case can be a confirmation of the breakout falling wedge)
Risk reward in case of bitcoin wouldn t make us stay on a trade, but for hodlers this doesn t apply.
Traders would take a good look for such an opportunity at -26% from .382 fibb level
Take care,
This is not a trading advice,
St.Gex
Comment:
