State of the market could this be an opportunity to scrap short Bitcoin
Over the past couple of days i havent have time or chance to visit hive as i want to as my little family has increased by one as i and my wife have been gifted by God with a lovely baby, actually our first seed, so the joy amd the activities has kept me away from most online activities, but not withstanding am diving into thos quickly as i still suppper pumped.... 😁😁😁😁
We are currently in the second wave of Retracement. 7 hours left before the new candle. A strong rejection from $48,000. Support is waiting at $42,965, which is EMA 55 currently if $44500 breaks expect the market to get there
1D Time-frame
We have printed a red candle which is a Bearish Harami. We can expect more to the downside. $44,195 is our previous low which is possible to be touched again if the sell pressure continues and the bulls dont reclaim the $46500 region.
4H Time-frame
Binance
We have been supported by 0.618 level of fib. now we push through 0.786 and now breaking the 1.0 in FIB Retracement . If the support fails too hold next target would be 0.5 in FIB lines with price target of $42635.
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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