hello guys...
I just learned about technical analysis of BITCOIN
Indikator:
1. FIBONACCI FAN (MANUAL)
2. FIBONACCI RETRACEMENT
3. TF 4HPicture 1stPicture 2nd"
Conclusion"
In the 1st picture, it can be seen that BTC still tends to stagnate in FIBO (0.50)
and trying to
BREAKOUT and above,
BTC is now trying to get out of the FIBO line (0.5) and the next target if BTC succeeds
BREAKOUT will go to FIBO (0.618)
can be seen for more clearly in the second picture.
In the second picture at least the BTC must
BREAKOUT around the price of $ 74xx and the next target
BREAKOUT is $ 79xx and go to fibo (0.618) in this phase if the BTC is stable there will be a PUMP and DUMP between $ 74xx to $ 79xx and the next
BREAKOUT determination will be at the $ 76xx line and if it works
BREAKOUT it will continue to $ 81xx (fibo 0.618) and you could say BTC starts showing
TRENDBULL if this happens
BUT if BTC is currently unable to break through
BREAKOUT it will go down at around $ 68xx and if this support is unable to hold it will continue down to
SUPPORT $ 64xx like a few days ago and also from the second picture shows that the SUPPORT test is 2x and doesn't rule out the possibility will test for the 3x
(HOPE THIS DOESN'T HAPPEN) and next to
SUPPORT $ 44xx and if this condition occurs then
GET READY we are going to
TRENDBEAR year hopefully this does not happen because it will greatly affect the level of trust of the BTC TREADER itself..
RESIST 1 = $ 81xx
RESIST 2 = $ 93xx
SUPPORT 1 = $ 64xx
SUPPORT 2 = $44xxThat's what I can explain, hopefully can provide benefits and useful information
Remember this is just a picture of all returning again to our beliefs that each is not always true
But at least it can give us an idea of where this BTC is going
thank you
NOTE "Always believe in yourself ...." ^^