BITCOIN CHART & RISK MANAGEMENT
1. Bitcoin has been finding it difficult to successfully breaks through 1, 2, 3 for several hours.
2, Looking at the falling wedge , there might be possible retest of 2.
i. If the support fails, bitcoin might go further down.
ii. If the support holds, there is possible uptrend.
3i. Pay keen attention to this yellow golden points 61.8% & 65% on the Fibonacci extension .
ii. The most important level we are looking at on the Fibonacci extension are 100%, 138.2% & 200%.
4. Pay attention to the signal at 4 below.
Note:
The war & fear of interest rate hike is causing uncertainties, pay close attention to the fundametals as well as the technicals.
The outcome of March 11 & 16 report will go a long way in determining the fate of the market.
Safety of your money first!
2, Looking at the falling wedge , there might be possible retest of 2.
i. If the support fails, bitcoin might go further down.
ii. If the support holds, there is possible uptrend.
3i. Pay keen attention to this yellow golden points 61.8% & 65% on the Fibonacci extension .
ii. The most important level we are looking at on the Fibonacci extension are 100%, 138.2% & 200%.
4. Pay attention to the signal at 4 below.
Note:
The war & fear of interest rate hike is causing uncertainties, pay close attention to the fundametals as well as the technicals.
The outcome of March 11 & 16 report will go a long way in determining the fate of the market.
Safety of your money first!
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