Hello everyone. Bitcoin dived on Tuesday on the news of rocky rollout of the El Salvador experiment. A flash crash of 17% just in a day. I thought the chart got some issues after having a bottle of water. It's pretty scary. That magnitude price movement would trigger a lot of margin calls. So, be careful, you're trading with leverage.
On the daily chart, we can clearly see that price rebounded from the 61.8% fibonacci retracement, coincidentally, level happens to be the place where my mid and long term MA sat.
Technically, if the daily closing price of today is higher than yesterday. The likelihood of going up is very high.
Also, after the big downside move, sellers need to take some rest.
I've marked 3 targets on the chart for reference. Give me a like if you're with me.
On the daily chart, we can clearly see that price rebounded from the 61.8% fibonacci retracement, coincidentally, level happens to be the place where my mid and long term MA sat.
Technically, if the daily closing price of today is higher than yesterday. The likelihood of going up is very high.
Also, after the big downside move, sellers need to take some rest.
I've marked 3 targets on the chart for reference. Give me a like if you're with me.
노트
The daily closing price is lower than the previous day. The bullish momentum is greatly weakened. Price is going down to seek support. Let's see.
plan your trade and trade your plan
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
plan your trade and trade your plan
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.