h0dlmyBeer

BTC Short Term Analysis 20190313

Short
BITFINEX:BTCUSD   Bitcoin
Legend:

Orange Lines: Monthly Key Levels stating heavy support/resistance
Blue Lines: Weekly Key Levels stating light support/resistance


Red Box: Monthly Resistance Zone
Green Box: Monthly Support Zone
TurquiseBox: Target

Nice Fib Setup can be found from the last low around 3769$ on the daily chart where a key level of support was established. This went up until the 78.6 fib@ 4042$ which is a weekly resitance level and pulled back from there. Now the fib setup is telling us that it will dump to the -27% level @3649.7 in the short term.

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