Hi traders,
As Btc is approaching the 0.50 Fibonacci level, we are having an overbought Rsi, decreasing buy volume, and a double resistance formed by the 50 Smma and the 0.50 Fibonacci level.
A possible evening doji star is beeing formed, though we do not know yet if this candlestick will keep this form until day closes.
This accumulation of signals could lead to a possible pullback to the 8.683$ or the 8.454$ (Fibo .618 level). Btc seems a bit too strong to go below these areas right now, but stay alert we never know.
If Btc had to break to the upside now without having a pullback, it would indicate a very important strength.
As Btc is approaching the 0.50 Fibonacci level, we are having an overbought Rsi, decreasing buy volume, and a double resistance formed by the 50 Smma and the 0.50 Fibonacci level.
A possible evening doji star is beeing formed, though we do not know yet if this candlestick will keep this form until day closes.
This accumulation of signals could lead to a possible pullback to the 8.683$ or the 8.454$ (Fibo .618 level). Btc seems a bit too strong to go below these areas right now, but stay alert we never know.
If Btc had to break to the upside now without having a pullback, it would indicate a very important strength.
Comment:
Comment:
Comment:
"If Btc 3.34% had to break to the upside now without having a pullback, it would indicate a very important strength. "
This scenario happened;
Initial targets of 10.500 and 11.600 still valid
This scenario happened;
Initial targets of 10.500 and 11.600 still valid
Comment:
Btc is accelerating its speed rate at breaking the Fibonacci levels by the top