Hi guys,
This is an analysis for Bitcoin. If you're in the crypto bubble or not, you know that the BTC's price is falling since one week now.
Since the higher history price around 20 000$, Bitcoin started to fall for a correction after his fast pump. The last months, the price stayed in the 6500-8500 range, but since one week a new big fall happened and this one doesn't stop.
I drew the Fibonacci retracement since 1 830$ to 19 666$. If you have a look on it, this retracement is excactly the support and resistance in this big correction since Januaruy.
(The last retracement was 23.3% and is break since this new fall).
On the D3 chart, i drew many mobile average, 10, 20, 100, 200, 250, 300, 350, 400, 450, 500. The price is currently on the MA 350 and bounced on the MA 400.
Theses mobile average are the new support in this big fall, I think.
So, my target is 1 900 - 1 850$, a good price for a new entry and new investor.
Thanks to everyone to following me !
This is an analysis for Bitcoin. If you're in the crypto bubble or not, you know that the BTC's price is falling since one week now.
Since the higher history price around 20 000$, Bitcoin started to fall for a correction after his fast pump. The last months, the price stayed in the 6500-8500 range, but since one week a new big fall happened and this one doesn't stop.
I drew the Fibonacci retracement since 1 830$ to 19 666$. If you have a look on it, this retracement is excactly the support and resistance in this big correction since Januaruy.
(The last retracement was 23.3% and is break since this new fall).
On the D3 chart, i drew many mobile average, 10, 20, 100, 200, 250, 300, 350, 400, 450, 500. The price is currently on the MA 350 and bounced on the MA 400.
Theses mobile average are the new support in this big fall, I think.
So, my target is 1 900 - 1 850$, a good price for a new entry and new investor.
Thanks to everyone to following me !
