RSibayan

Bitcoin - Must Find Support Or Else Potential 84% Retracement

COINBASE:BTCUSD   Bitcoin
If Bitcoin would now consolidate and range (go sideways) from here or find support at the 382 Fib, plus if it would continue to respect the green support line then by April or May 2022 Bitcoin could continue it's destined journey to new ATHs.

Otherwise, if Bitcoin breaks the green support then here are the target levels...
DPT:
$44,115
$36,429
$28,742
$17,798
$14,280

MACD: Bearish Divergence
Week Stoch RSI: Downward Directed Momentum

UPT: $53,626

Do you remember the 84% retracement back in December of 2018?

I so clearly remember that moment!

So, you better watch out.

Price action is KING!

More power to all your trades, my friends!

Ron
Intrepid_Trader

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.