RickSanchez187

VPVR support & Fib retracement strategy

Long
COINBASE:BTCUSD   Bitcoin
We have recently touched the bottom of the near term VPVR volume support box at 60300-60500 this level can support a volume rise to a FIB retracement of 62800. This is negated with significant volume sell pressure and a break below 60300. I see our follow on support level at 58000. Which I read as indicating a significant change in the strategic market trend, shifting from Bullish to an overall Bearish scenario.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.