After a month of turbulent selling, Bitcoin is finally nearing strong support levels that could reverse the crypto market. The 130 day moving average, with which Bitcoin has had a predictable relationship, has been retested after nearly five months of parabolic growth. A logarithmic trend line and the 61.8 fibonacci zone have been reached. Long trades can be opened here.
Fibonacci targets are at $26000 and $30000
Fibonacci targets are at $26000 and $30000
Trade active:
Bitcoin put in a strong reversal symbol with today's close, leaving a harami cross. Expect upward movement from here.