Hi everyone,
Thank you for considering reading my idea.
This is a simple analysis. We may be going down to the 100 week moving average (orange line). If we also draw a Fibonacci retracement from $39,573.21 low to $69,000 high, the 1.272 level is at $31,569.12. Of course, this is not the exact price Bitcoin will close but may be almost near those levels.
These two lines may act as strong support when we go down to those level before we close the weekly candle in 38 hours, as of this writing.
Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
This is a simple analysis. We may be going down to the 100 week moving average (orange line). If we also draw a Fibonacci retracement from $39,573.21 low to $69,000 high, the 1.272 level is at $31,569.12. Of course, this is not the exact price Bitcoin will close but may be almost near those levels.
These two lines may act as strong support when we go down to those level before we close the weekly candle in 38 hours, as of this writing.
Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
