BTC1D Support and RESISTANCE
BTC 1D.
For now we have a
14K as support area that use to be a resistance and 1.618 Fib level. Few days ago we broke true 14K/1.618 Fib Level and i think BTC should find new resistance at 17K/ 2.618 Fib Level.
So current support area around14K current resistance should be around 17K/2.618 Fib Level. I think for now BTC will hit new resistance go down test support and will be going up and down between 14K(SUPPORT) and 17K(RESISTANCE) till 17K/ 2.618 will be broken or 14K might not hold and break to down side. BLUE PATERN if support going to hold
If 17K/ 2.618Fib Level will be broken this time meaning BTC will keep going up true 17K and it's also possible to then BTC should find resistance at 3.618 Fib Level/ $19-20K. GREEN PATERN.
Make your own decision but its nice to know what others are thinking. Everybody Have a good profitable trading.
For now we have a
14K as support area that use to be a resistance and 1.618 Fib level. Few days ago we broke true 14K/1.618 Fib Level and i think BTC should find new resistance at 17K/ 2.618 Fib Level.So current support area around
14K current resistance should be around 17K/2.618 Fib Level. I think for now BTC will hit new resistance go down test support and will be going up and down between 14K(SUPPORT) and 17K(RESISTANCE) till 17K/ 2.618 will be broken or 14K might not hold and break to down side. BLUE PATERN if support going to hold If 17K/ 2.618Fib Level will be broken this time meaning BTC will keep going up true 17K and it's also possible to then BTC should find resistance at 3.618 Fib Level/ $19-20K. GREEN PATERN.
Make your own decision but its nice to know what others are thinking. Everybody Have a good profitable trading.
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