BTCUSD Is a Double Top in Play CRITICAL POINT needs to hold 8700

17 янв. 2020 г.

A quick review update,where are we in BTCUSD? Have we been rejected from a double Top? Is a retacement in play and where do we need to be looking? Well the Chart above has 2 Fibs in Play, a smaller one (less powerful) from the last Impulse Bull move up and then a Larger OLDER standing Fib Retrace ,on Right Side, from 25th Oct 2019, BTCUSD @7433 this has been and still is a more acurate position of where we are. The two Fib Charts and support and resistance line are showing key points of concern, and correlate.
The smaller Fib Retrace, shows BTC needs to hold 8800 zone and 8740 at 0.706 fib on smaller FIB Retrace graph is a key Point of Stress. IT needs to hold or there could be a further breakdown to test fib .718 testing 86XX...we will see. RSI looks weak, volume weakening.
This is not financial advice this is not to be used to make finacial decisions.
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