Get started
Aussieamps

Hope for Bitcoin

BTCUSDTPERP PERPETUAL MIX CONTRACT (BITGET:BTCUSDT.P)  
Aussieamps  
BITGET:BTCUSDT.P   BTCUSDTPERP PERPETUAL MIX CONTRACT
Trend Analysis wyckoffmethod
1
0
trendanalysis wyckoffmethod
As you can see Bitcoin is currently heading to the downside, which I believe will stop at the Fibonacci level.

This is because if Bitcoin dumps to the Fibonacci level in the next few days, it will cause Bitcoin to temporary break the current trend.

At which if Bitcoin bounces off the Fibonacci level, the spring action will be formed.

And then from there I believe Bitcoin will be able to break the current trend to the upside.

All comments will be appreciated.
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.