BTCUSD- Short term retrace to 61.8%, can still correct long term

Trendlines drawn since beginning of year. Fibonacci resistance level hit and skyrocketed off - short term 61.8% line was hit and price rocketed up. Overall, the bottom trendline is far from hit, and the market can still correct. Currently, BTCUSD is in a consolidation after a crazy down followed by an up that seems to fast to be true. We should watch for consolidation, and a response to high prices. Current down trend still intact, and if resistance is enough, should stay that way. Current price to watch - $4150. If price breaks upward, expect bull market. If price resumes, we can expect the same level or lower, and even fall to bottom of channel. *None of this takes into account NEWS, this is only trend analysis.
for the downtrend line, why connect ATH and 4650 and not for example 4380 and 4650
Shwayze fineregex
@fineregex, technically you're right. It's important to look at the bigger picture from all aspects still holding true. Let's draw both. Once first trendline breaks, resume prior trendline. IF ALL trendlines break, resume bull.
+2 回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 價格 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 尋求幫助 功能請求 部落格 & 新聞 常見問題 維基 推特
概述 個人資料設定 賬戶和賬單 尋求幫助 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出