jacobfabris

jacobfabris

In my opinion the BTC will try to reach the region below represented by the rectangle. The last uptrend began in this region, I consider it will test the region close to the botton , stressing traders.

jacobfabris

The set of averages forming a fan or range signalize a begin of a down trend. If the line do not hold as support and do as resistance. Can be a reversal?

jacobfabris

Possible first daily lower low. If the support level fails and hold as resistance, and considering the 17 periods average crossing under the 72 periods average, in my opninion, the next levels are in regions represented by the rectangles.

jacobfabris

Price over a strong support in the upper track of a range between 4745 and 3840. I believe it can try 4640 points. In case of loosing the support at 4550 can reach 4400 points at the 618 level.

jacobfabris

The last retraction brought the price to a large consolidation between 56000 and 43000. Now the price is a little bit lower then 50% of the range.