The market has been range bound since January 6th. These ranges are indicated by Fibonacci levels (as indicated in the blue lines) and the heavy psychological resistance level of 900. If we break out of a rectangle, the next level to watch is the boundaries of the larger rectangle. Market is consolidating and will stay range bound until we break up above 1000, or down, below 760.
For an interactive chart please see my analysis on trading view - https://www.tradingview.com/v/AAyVXESl/
I tend to be somewhat active on trading view. Its a great site full of helpful
and passionate chartits. I would recommend it for people looking to try out some technical analysis in the Bitcoin or any market.
*coffee fund 1ARxEjWei6j9tTqCbez3zTzf4ixxR9W78H
No comments:
Post a Comment