Bitcoin Recovery in progress

BTC short term view, after see out 4400$ level yesterday BTC has been in what I term temporary correction mode with price ranging between (50-61.8)% fibonacci retracement level.

Well, I dont expect further fall but if there will be any it should not go below 78.6% fib level at (3700-3725)$.

RSI is showing some strength also after bouncing off the yearly low.
Short term target remain 4800$.

Join our discussion room for more about our trading ideas.


Please share your thougths about it and support my post with your LIKES.

Thanks

액티브 트레이드:

Yes up we go, as expected. the buying pressure remain so strong.

액티브 트레이드:

We had nice pump which is good for BTC Bull, and this time the retrace may drop the price down to 41xx zone.

액티브 트레이드:

Price moving in rising channel with top trendline providing maximum resistance to reject price down and presently aiming to test the bottom trendline.

액티브 트레이드:

Price moving as expected.

액티브 트레이드:

Trade is going as expected,