Price broke through our major support level (44590) after having a retest to the zone as it did not responded well to a hawkish Fed, now we wait to see if the 43099 will hold and price to bounce back up, a short term buy can be taken with precaution since we can expect a retracement, if we break the 43099 level, we can expect the bears to be in control of the...
Identified the major support/demand that was a good area for a buy, we can expect the zone to hold once tested again. If you have taken a buy, our targets are 45834 and 46932(best price to sell if you want to short). Before taking a short position, look at what price action is giving you and the economic events surrounding bitcoin, this levels can be retracement...
The price has retraced to the 0.618 fib level, which is also at a support level which suggests a high probability of price reversing to the upside. We can look to buy at the current price with a small SL place below our entry since the market is too volatile. We can expect our first target to be at 0.382(46240.33), once we are at the level, let's see what the...
