BTC, deep once more

BINANCE:BTCUSDT   Bitcoin / TetherUS
hi there!
we knew BTC broke uptrend line few days ago.
we may see 1-2-3-4-5 pattern, or maybe a-b-c pattern, whatever.
clearly we got another new downtrend wave after BTC broke that uptrend line.

in smaller timeframe, there's bullish . but watch out for range price $10000 to $10400, it's fib 0, 5-0 ,618 area, BTC may bounce at those area.
and 4H RSI chart seems nearing overbought.
if it bounce, then we may see another downtrend movement, the second downtrend wave.
but if it doesn't bounce, next resistance is at around $12000, and may bounce down a few, to make inverted H&S pattern.

for downtrend target, I use fib 1,272, fib 1,618, and fib 2.

Good Luck
Comment: reach first target around $7400.
bounce or dump more?
let's see what happened now..
Comment: meet a ma20 resistance at $9200. now will retest last support, $7322.
if it pass $7322, we might see next fib support, around $6220.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out