Bitcoin bounced back precisely from 0.382 Fibonacci Retracement, now trading below 9000 levels sideways, good news for altcoins if this happens longer than we expect, but not likely... Trading into a parallel channel, won't be surprised if spike happens soon to test again 9700 to 9950 levels, which is below 10000 $ psychological resistance.
RSI showing us regular bullish divergence. Expected some upside momentum and we think will be hard to get through 9950 level with the first try.
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RSI showing us regular bullish divergence. Expected some upside momentum and we think will be hard to get through 9950 level with the first try.
If you find this idea helpful, leave a like, comment and follow us on Tradingview & Telegram!
Any questions? Want to join our signals and get these ideas first? Feel free to DM.
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