Hello everybody!
Bitcoin is going down again and again... so what now?
Price could go down to 44k. There is fibo level 0,618 and strong support zone.
If this level crash, then next and last support is around 38k and there is also fibo level 0,786.
For uptrend is important to close above level 50k and make valid retest of this level.
Tip - no is to late to open shorts. Wait for confirmation of trend reversal and then take long.
Bitcoin is going down again and again... so what now?
Price could go down to 44k. There is fibo level 0,618 and strong support zone.
If this level crash, then next and last support is around 38k and there is also fibo level 0,786.
For uptrend is important to close above level 50k and make valid retest of this level.
Tip - no is to late to open shorts. Wait for confirmation of trend reversal and then take long.
Comment:
Bitcoin had nice bounce up after FED meeting. But for next uptrend is very important to break level 50k and close above this level with body of daily candle.
