Evening Traders,
Today’s analysis- BTCUSD – trading at a critical level where a bearish cross is imminent,
Points to consider,
- Price Action Impulsive
- 200 MA Resistance
- .618 Fibonacci Objective
BTCUSD’s immediate price action is impulsive, trading below its 200 MA resistance, a bearish sign.
A reversion to the .618 Fibonacci is likely where macro...
letz see what will happen here..
pretty nice down move with a pullback almost to the 38% fib...
we have rsi divergence ..price is touching support from h4/daily ..
we not hit 127% expansion yet but we also do not hit 38% on the point so just give me a good break of that S/R zone to enter a long position
stay patient and WINNING
