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Fibonacciretracment

BITCOIN - Updated ✅Let's see how BTC is behaving. This is a 1D chart. (Mid Term) The upper Bollinger band has rejected BTC, and now it's sitting on support. If that local support is strong enough, we would see another pump to the following local resistance. Support levels: $41369 Resistance Area: $50542 Bollinger Bands can work as support and resistance too. Here is an example: The market is showing BUY volumes for BTC. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that BTC is above the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $45090 Let me know your ideas. Good luck.
by ShawnMCR
3
Sunday Night BTC Report. Short with a chance up consolidation.Sunday Night BTC Report. So BTC is struggling. DXY is open and moving up slowly, BTC Dominance is dropping and is really just a doji right now. Below the EMAs. The Stoch on the DXY is pointing up on the Daily and H4. The ALTs have calmed down for the most part so we should see a good week for BTC. If you look at the Weekly, price has been consolidating for the last two weeks. It's time to get a move on BTC!!! Don't make me take off my shoe lol.
COINBASE:BTCUSDShort
by stikytrading