Feeling Brave?! Sell Bitcoin Now at 50% Fib
Just under 42K in BTCUSD is the 50% Fib of the entire drop from record highs to the 2022 low. It is also the objective from the recent triangle breakout.
Note: this is very counter momentum - which are usually works out pretty quickly - either in profit or loss! Also - the triangle is probably part of a bull pennant in which case the upside objective is more like 49K.
Note: this is very counter momentum - which are usually works out pretty quickly - either in profit or loss! Also - the triangle is probably part of a bull pennant in which case the upside objective is more like 49K.
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Market Analyst at WeTrade
wetradebroker.com/education/analysis/jasper/
Contributor to SpreadEx
spreadex.com/financials/news-analysis/weekly-technical-analysis/
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