NoaTrader

Bitcoin Important Supp/Res Based on Different Fibo Retracements

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi, I want to point out a few Fibonacci retracement levels to consider in your analysis. Since Drawing different retracement on different time frames and different time zones and waves can give a better vision of the potential stronger and more important support and resistances.
Here we start:
1- The Big Run on the Daily Chart: Bottom 3400 Till the ATH 69000
2- Latest Correction on the Daily Chart: Top is 69000 and the bottom is 15500
3- Latest Pump of the new year on 4H Chart: 15500 Till 25200
* These levels can be used along the way further for Bitcoin. Now the following levels can be used for the recent price range. All the following levels are in the 15 minutes chart:
4- The last correction before passing up 24250 as the top and 21340 as the bottom

The result of these levels can consider these levels more important as they are in different
5- The last pump in the recent time zone with 21340 as the bottom and 25250 as the top
6- The recent correction since the local top with 25250 as the top and 22730 as the bottom

As the result we can see that these price ranges are more important in the recent market:
  • 25260
  • 24248 - 24355
  • 23681 - 23600
  • 23293 - 23096

nfa & dyor
Invest Smart!
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