Possible retracement near $5500 soon

BINANCE:BTCUSDT   Bitcoin / TetherUS
TradingView (JoeyRocket) - If we don't tank to the $3k area soon I could see a retracement up to the 518 Fibonacci level.

The BTC chart seems to respect it veery well and it would make sense. The big hurtle is the 50% but once we get passed that it could be smooth sailing up to the 618.

I do think we'll have a tough time passing through since there is a fair amount of resistance in that area but it would be nice.

Great luck and please like/share the post if you found this insightful! Please share ideas if you see holes in my TA, it will help me and the people reading this. Thanks!
I'm no pro and I will make mistakes so its always great to get 2nd and 3rd opinions after mine.

Joey Rocket Cryptos
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out