Bitcoin (BTC/USD remains bullish despite H&

110 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

pacheco.david
Published
Bitcoin #BTC #USD remains bullish despite Hamp S reversal pattern
http://ntvforex.com/news/?id=ff72d5. . 0 minutes ago Bitcoin #BTC #USD made a bullish bounce at the 38.2% Fibonacci retracement support level. Is it time for a continuation of the uptrend or will the pattern expand into a complex correction Price Charts and Technical Analysis The #BTC #USD remains in a strong uptrend. The long term moving averages have a bullish angle and are all aligned to the upside. The bullish bounce at the 38.2% Fibonacci level could indicate the end of a wave 4 purple . But price action would need to bounce at the 144 ema or break above the resistance trend line. A bullish continuation is then expected to develop soon. A break below the 144 ema could indicate an expanded wave 4 blue at a new low. In that case the head and shoulders pattern red boxes could push the price lower. The 50% Fibonacci level is another support zone. Only a break below the 50% Fib and other Fibs would make the bullish outlook ...
Category
Crypto Trading
Tags
Be the first to comment