Hello Traders
BlockTechEv here hanging out with the team from CryptoCheck for another market update.
Today I'm looking at BTCUSD in the 1D Timeframe.
The golden Fibonacci support at 0.618 did not hold, we closed daily candles BELOW this support line and therefore we will be retesting prior support levels. 0.618 will now be our new RESISTANCE.
What I see for the near term is first halfway, and then the 0.7 fibonacci line of support which is around 27600. There might be fluctuations and range trading but ultimately I see us working our way down to 27k slowly.
Thanks for watching
BlockTechEv
BlockTechEv here hanging out with the team from CryptoCheck for another market update.
Today I'm looking at BTCUSD in the 1D Timeframe.
The golden Fibonacci support at 0.618 did not hold, we closed daily candles BELOW this support line and therefore we will be retesting prior support levels. 0.618 will now be our new RESISTANCE.
What I see for the near term is first halfway, and then the 0.7 fibonacci line of support which is around 27600. There might be fluctuations and range trading but ultimately I see us working our way down to 27k slowly.
Thanks for watching
BlockTechEv
