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trader0x4a42
Aug 7, 2021 5:35 AM

BTC/USDT 52 Week Fib currently testing! Long

Bitcoin / TetherUSBinance

Description

As per my previous fib retracement analysis we are now at the 43,633 level (yellow line). We closed above briefly on the 1-Hour chart, then retraced slightly now looking to retest.

Once we have a clean move above this level, we may potentially head up to 47k quickly - we can see less trading volume between here, when compared to previous areas of resistance.

Ideally I'd like to see a bit more work at these levels first, followed by a high momentum push to the upside.

This move could be big - good luck!
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