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AidanMDang
Aug 11, 2021 8:45 AM

Bitcoin | Potential Rejection At The 0.5 Fib Retracement  Short

Bitcoin / United States DollarCoinbase

Description

After a clear rejection at the 0.382 fib retracement level, bitcoin is now just a few points away from the 0.5 fib + structure resistance (look left).

If price continues to respect fibonacci retracements then we should expect to see downside from here.

What do you think? Share your thoughts in the comments



Comments
Mihai_Iacob
Great analysis!
AidanMDang
@OptimoomFX, thank you
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