Bitcoin simple analysis
4 hour chart
A = Resistance shown by .382 fib not just on the 4 hour chart but the daily also
B = Support shown coinciding with trend line which started last july
Yellow sloping uptrend lines are from july and the green uptrend line was established by the previous two lows last November and this February
Looks like Resistance at 8500 USD area and support at 8000 USD
A = Resistance shown by .382 fib not just on the 4 hour chart but the daily also
B = Support shown coinciding with trend line which started last july
Yellow sloping uptrend lines are from july and the green uptrend line was established by the previous two lows last November and this February
Looks like Resistance at 8500 USD area and support at 8000 USD
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