Hey Cosmonauts,
After the sweet bullrun of this summer, prices are retracing and are now below the daily cloud. Beware of this area.
Currently, the daily Tenkan is a resistance to break to go back at 12.98$.
Note that a strong support saved the prices, it's the Fibonacci golden ratio (0.618) at 11.2$.
The bounce will depend on next trading week, with new important macroeconomic results and company quarter results. The volatility remains important and Bitcoin is on the hedge of its medium term support : risky market for the moment...
Cheers !
After the sweet bullrun of this summer, prices are retracing and are now below the daily cloud. Beware of this area.
Currently, the daily Tenkan is a resistance to break to go back at 12.98$.
Note that a strong support saved the prices, it's the Fibonacci golden ratio (0.618) at 11.2$.
The bounce will depend on next trading week, with new important macroeconomic results and company quarter results. The volatility remains important and Bitcoin is on the hedge of its medium term support : risky market for the moment...
Cheers !