The last time BTC.D reached the Fibonacci 50 line, it had a good growth towards the 127 Fibonacci line.
This time, he has corrected exactly up to the 50 Fibonacci line.
what is your opinion?
Is there another rise for BTC.D?
BTC in bearish channel and touch the bottom of this
and BTC touch the MA200 in 1D time frame
and touch the 1.618 fibo retracement
and touch the important supported line
and the least BTC make a bullish three drives pattern
in my opinion , bitcoin for the following reasons ,come back from 40,000$:
1. Moving average 50 probably support price
2 .the area is 61.8% fibo retracement
3.the previous supported line
and when the price touch this zone we have a bullish divergence in MACD in daily time frame
if this area can not resist ,we have to wait for bitcoin 29,000$