XBTUSD Retracement using Fibonacci Levels

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
It looks as though 38.2% retracement from the swing high is an area of high interest and support/resistance . After the initial dip, price tested this resistance level three times. It appears to be coming back down to it to test it as support, and if support holds, could be the beginning of an upwards move. If support fails, we could see retesting of the next two fib levels. Buy pressure seems to be mounting but more volume will be needed if an upward move is to be sustained.
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 Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library 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