According to the rules, if a market gets rejected at the Fibonacci resistance line, it can regain momentum through a small correction. The condition is that the market must not pull back deeper than the point where the move started.
Unfortunately, this is exactly what happened with Bitcoin (marked by the white line). As a result, we now have to assume the market is building bearish structures and moving towards the range low.
My trade idea is also marked for you. Invalidation would occur with a new higher high.
Unfortunately, this is exactly what happened with Bitcoin (marked by the white line). As a result, we now have to assume the market is building bearish structures and moving towards the range low.
My trade idea is also marked for you. Invalidation would occur with a new higher high.
Here, I share my market outlooks, highlighting key levels and directions I'm watching.
Don't follow blindly; always do your own research.
Don't follow blindly; always do your own research.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Here, I share my market outlooks, highlighting key levels and directions I'm watching.
Don't follow blindly; always do your own research.
Don't follow blindly; always do your own research.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。