EuroMotif

BTC risk of 25k bottom: 32.8k key support, 40.4k key resistance

COINBASE:BTCUSD   Bitcoin
25k looks like a good possibility for a "bottom".
Plotted are two fib series and their confluences.
Dashed lines ="Genesis Fib", solid = from the Top.

28.8 might have been a "Wyckoff Spring" bottom.
Many analysists this range as Accumulation zone.
Maybe the stab was indeed a Spring or Capitulation.

32.8 is now the critical support as bulls "last stand".
Recent attempt to break was thwarted, but just barely.
If broken, it could be a very quick trip (and wick) to 25k.

25k would make for a prefect psychological level to bottom.
20k is being watched by many many traders, perhaps too many.
29k was probably too shallow of a wick to take out enough longs.

BTC "Genesis Fib" with the most important levels:
Also see this "Post Crash Road Map" for key support/resistance

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.