The blue lines in the above graph are the Fibonacci retracement which is a strong indicator of support and resistance lines.
Bitcoin failed to reach its target of $ 13000 and responded to a decline that is currently intensifying because we broke the support line 50%.
The red line rose above the green line in the Ichimoku cloud which is a bear sign.
Target: $ 9500
#Bitcoin #Ethereum #Litecoin #Crypto
Hello to all watching my charts.
In Bitcoin we are still in Short mode
as you can see both channels are falling down
and the Purple channel for the shorttime signal
is falling even more , what shows is weakening in
Every few hours it seems to be little bit improvement as
bottom showing as now 9:00 but at...
Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
Very bearish price action after price formed new highs.
Bearish break below supporting trendline and previous h4 low.
Very bullish price action found its resistance and heading down now, still good...