BTCUSD
First things first, go to my previous analysis to take a look at the history of the Bitcoin and what has been doing. Now, let's get this thing done
1.-The price failed to go through a heavy traffic area after breaking the 9500 level. Remember that from my previous charts (that chart you just saw lol), I warned about this, now it is confirmed.
2.-At the 8500 level it had a reaction, as I said on my previous analysis. This level is key for the next bullish run.
3.-Then it came all the way down piercing all the key levels, even the 6700-6500, and after this the movement we like to see is a retest, and if there is a fibonacci level we have all the odds on our favor. This time is only 38%.
4.-And here is the retest. Right now this is a ride or die zone, if you want to trade the bitcoin this is a very good entry point. Hopefully you see this on time, and the price follows the most natural path (bearish).
Have a nice day everyone, stay at home, stay safe and away from the coronavirus.
LG
Comment:
went down a little bit and the resumed the bullish move
LG