TradingShot

BITCOIN Recurring pattern on the short-term Fibonacci Channel

BITFINEX:BTCUSD   Bitcoin
This is a chart for short-term traders and will also keep the analysis short.

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

As seen on the chart Bitcoin is trading within a perfect Channel Up with the Fibonacci levels aligning quite well playing the role of Support and Resistance levels throughout. This is an excellent way to play the short-term buy/ sell game.

On top of that see how there is a recurring pattern within the Channel. I have clearly displayed that in alphabetic manner. The set-ups seem fairly symmetrical, the first is wider within the 0 and 1 Fibonacci the second narrower within the 0.236 and 0.786 Fibonacci.

If you are a short term trader, use this to your advantage.

👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot

🔥New service: next X100 crypto GEMS!
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.