Bitcoin big chance to going back to 36,000 ??? 11/7/21
Time : 1 hour
Indication : Fibonacci retracement
Refer to our idea dated 9/7/21,
Short term time frame
The attached Fibonacci retracement was legit.
Bitcoin retrace back to two time 0.382 price around 33900-34100 and it very fast drop back to 0.5. We can know that currently short term resistance price at 34100.
Recently bitcoin struggle at the fibo 0.5, but in small time frame soon it will have one big direction.
Probably it might going back to 0.618 in today.
As big picture, bitcoin still at the downtrend mode.
it might turn trend when price going back to 36500, but first to break 34100, 35000 and 36500 resistance price.
Our strategy still stick with 9/7/21.
Indication : Fibonacci retracement
Refer to our idea dated 9/7/21,
Short term time frame
The attached Fibonacci retracement was legit.
Bitcoin retrace back to two time 0.382 price around 33900-34100 and it very fast drop back to 0.5. We can know that currently short term resistance price at 34100.
Recently bitcoin struggle at the fibo 0.5, but in small time frame soon it will have one big direction.
Probably it might going back to 0.618 in today.
As big picture, bitcoin still at the downtrend mode.
it might turn trend when price going back to 36500, but first to break 34100, 35000 and 36500 resistance price.
Our strategy still stick with 9/7/21.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.