[08/30] Beast Trading _ Today's Bitcoin Analysis
Beast Trading _ Today's Bitcoin Analysis
Bitcoin briefly left down yesterday as it converged, but rebounded to 20.5k.
After the rebound, the Fibonacci 0.382 section resistance at 20.5k is slowing down for a while
I don't think it's the bottom yet, and it's a little early to say that the upward trend is starting.
There's still a lot of doubt about the decline because it's breaking away from the very meaningful trend line (17.6k - 18.9k), and it hasn't recovered yet.
Therefore, it seems highly likely to analyze that the current section is rising due to adjustment to the decline, and if the adjustment is rising, it usually rises from 0.382 to 0.618.
If I were to put it into the chart and tell you the numbers,
20470(0.382)
20760(0.5)
21050(0.618)
The section is resistant, but it is currently at 0.382 point and has slowed down slightly.
I still recommend responding mainly to short positions, but in the short term, whether it was adjustment or transition to upward trend, I recommend you to eat short or slowly because there is a little upward volume.
Bitcoin briefly left down yesterday as it converged, but rebounded to 20.5k.
After the rebound, the Fibonacci 0.382 section resistance at 20.5k is slowing down for a while
I don't think it's the bottom yet, and it's a little early to say that the upward trend is starting.
There's still a lot of doubt about the decline because it's breaking away from the very meaningful trend line (17.6k - 18.9k), and it hasn't recovered yet.
Therefore, it seems highly likely to analyze that the current section is rising due to adjustment to the decline, and if the adjustment is rising, it usually rises from 0.382 to 0.618.
If I were to put it into the chart and tell you the numbers,
20470(0.382)
20760(0.5)
21050(0.618)
The section is resistant, but it is currently at 0.382 point and has slowed down slightly.
I still recommend responding mainly to short positions, but in the short term, whether it was adjustment or transition to upward trend, I recommend you to eat short or slowly because there is a little upward volume.