Looking for Luna to break the Fibonacci .618 for the move to 0.00020908. If Fibonacci.618 fails then we can see Luna back down to .000164.
Let's don't get all too excited for we have confirmed $38,656.00 to be bullish.
Spell to retest the support line at 0.0068675 to make another attempt to break that resistance line.
We got that bounce that we needed ($35,970.62)... BTC has a lot of resistance moving upwards... Needs to get through $38675.01 before we can see a big move to $42355.37.
Shiba needs to break through the Fibonacci .0382 advance to 0.00002345. and if Shiba gets denied we can come back down to 0.00001870.
Bitcoin still has resistance at $35635.11... Let's don't be fooled by the fake-out. Need BTC to get above $35635.11 and then retest before we can get that upward move.
Here is the next level of support... Yellow lines are levels of support and are weak supports but still support. The green line is the next major support line.
Bitcoin on the downside looks like our next stop is at $38,595.00 to $37,559.00... BTC will continue to fall in the coming up weeks hang in there all.
SHIBA Broke major support looking for a downside to 0.00002061 if 0.00002528 doesn't hold.
Bitcoin cannot hold up to be support levels $40,700k then we'll see Bitcoin crashing all the way down to the $35K area.
BTC to tag the Fibonacci 0.236 will hold as resistance trace back down to the Fibonacci 0.786.
"support" and "resistance" levels - points at which an exchange rate trend may be interrupted and reversed - are widely used for short-term exchange rate forecasting. Nevertheless, the levels' ability to predict intraday trend interruptions has never been rigorously evaluated.
Support and Resistance is one of the most used techniques in technical analysis based on a concept that's easy to understand but difficult to master.
The next level of support is at 0.00002921 and if that does not hold then you are going down to 0.00002724.
If the Fibonacci 0.618 fails then Shib is going down to the 0.00003211 (red) area and if that fails then down to the 0.00003102 (white) area.
If all fails from a previous chart doesn't hold up support on the 200 moving average then we can see a $70,000 BTC in March.
If Bitcoin cannot find support on the 200 Moving average you might as well call it a day.
Shiba is ready to take off. Shiba to hit new Highs.