Bitcoin is still in up channel and it needs to make a lowSo to make an another low, Bitcoin needs to retrace and right now(2/24/2021) BTC is experiencing a corrective wave.]Also Bitcoin is experiencing a bearish candle in weekly time frame.
Based on fib retracements , Important support zones are:
This is not an investing or trading idea, This is just an analysis for BTC recent corrective wave.
Do your own research and remember risk management is the key of success in financial markets.
Thanks for your time
Comment your idea and let me know what you are thinking
Based on fib retracements , Important support zones are:
- Zone 1: 45100 - 44500
- Zone 2: 42230 - 41700 (chance to return from this zone)
- Zone 3: 39600 - 39000 (difficult to break out this zone)
- Zone 4: 37400 - 36700
- Zone 5: 34500 - 33400
- Zone 6: 30000 - 29200
This is not an investing or trading idea, This is just an analysis for BTC recent corrective wave.
Do your own research and remember risk management is the key of success in financial markets.
Thanks for your time
Comment your idea and let me know what you are thinking