BTCUSD update
If you saw my last BTCUSD analysis, you already saw this graph.
This is an update 1 week later and I have added the fibonacci retracement.
as you can see we were right about the downmovement of the price level.
now we find a support at the 0.618 fibonacci level and a resistance at the 0.5 level.
If the price can break out to the downside at 0.618, we shoul see a further downmovement of the price until it reaches its next support level at $10217.80.
I hope you liked my analysis and subscribe for more crypto analysis.
Ps let me know in the comments what you thought about my analysis and express your thoughts about the further movements of BTCUSD.
This is an update 1 week later and I have added the fibonacci retracement.
as you can see we were right about the downmovement of the price level.
now we find a support at the 0.618 fibonacci level and a resistance at the 0.5 level.
If the price can break out to the downside at 0.618, we shoul see a further downmovement of the price until it reaches its next support level at $10217.80.
I hope you liked my analysis and subscribe for more crypto analysis.
Ps let me know in the comments what you thought about my analysis and express your thoughts about the further movements of BTCUSD.
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