BTC - Hits 0.5 Fib
Aktualisiert
I've now got a bearish outlook at this area.
- We've run into the 50 daily EMA and the 50% retracement area from the recent high. I don't think BTC has broken 50% in the last 3 years.
- We are also hitting two down-trends - the most significant from the recent high and the second from the 2018/2019 based on log.
- RSI tops out on 4 hour again.
- Expecting some real data to come out on Covid19 which will potentially spook the markets but on the upward trend in the S&P could continue now all the crap stock has been dumped and drive BTC prices up further.
Either way there should be some interesting price action at this level for the next week.
Best, Hard Forky
- We've run into the 50 daily EMA and the 50% retracement area from the recent high. I don't think BTC has broken 50% in the last 3 years.
- We are also hitting two down-trends - the most significant from the recent high and the second from the 2018/2019 based on log.
- RSI tops out on 4 hour again.
- Expecting some real data to come out on Covid19 which will potentially spook the markets but on the upward trend in the S&P could continue now all the crap stock has been dumped and drive BTC prices up further.
Either way there should be some interesting price action at this level for the next week.
Best, Hard Forky
Anmerkung
This is on target to fall and the 0.5 will do it again. All will be clear on Wednesday.
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