Failure to breakout the important resistance level of 34'970 mentioned yesterday triggered a new selling pressure which pushed down the BTC, filling on its way the 50 % Fib retracement.
Next support level is @ 31'665 (61.8% Fib ret) ahead of the triangle technical target of 30'300 which is also the 78.6 % Fib retracement and which is expected to hold !
Indeed, close to the psychological level of 30'000, it is highly expected to see some buyers again...
As already mentioned several times, watch shorter time frames very closely to detect early reversal signals which may be triggered mainly by bullish divergences on intraday time frames.
Have fun, take care and all the best my friends :-)
Ironman8848
Next support level is @ 31'665 (61.8% Fib ret) ahead of the triangle technical target of 30'300 which is also the 78.6 % Fib retracement and which is expected to hold !
Indeed, close to the psychological level of 30'000, it is highly expected to see some buyers again...
As already mentioned several times, watch shorter time frames very closely to detect early reversal signals which may be triggered mainly by bullish divergences on intraday time frames.
Have fun, take care and all the best my friends :-)
Ironman8848
