Weekly
On the weekly, BTC is back into the January-February range. I believe this is the pivot point on the mid-term. If BTC fails to hold this range (38.2 / 55 Weekly EMA / 618 SpeedFan) on weekly close (below 30k - Psychological level), I expected the price to re-visit the .5 fib retracement / 0.75 SpeedFan (around 25K) in the coming weeks. There we might have a bounce or head lower.
#btc #tradingidea
On the weekly, BTC is back into the January-February range. I believe this is the pivot point on the mid-term. If BTC fails to hold this range (38.2 / 55 Weekly EMA / 618 SpeedFan) on weekly close (below 30k - Psychological level), I expected the price to re-visit the .5 fib retracement / 0.75 SpeedFan (around 25K) in the coming weeks. There we might have a bounce or head lower.
#btc #tradingidea
