Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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The idea is playing out well we are now at the first major support zone. I believe price action will break down this zone. I'm expecting a major bounce from the second support zone wich coincides with the 0.5 fib of the last rally.
BTC reached our pirme target. A bounce from the .618 fib could lead XBT to reach new highs
vivelavie101
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vivelavie101
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vivelavie101
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XBT is now bouncing of this weekly support zone wich is also valid. We might see a bounce from here since price seemed to have pierced through my daily support zone from my first analysis. if the the weekly candle closes higher than the 0.5 fib level i will consider it a bounce, but if the weekly candle closes under it. We will most probably reach the 0.618 fib, wich would be an ideal zone for a bounce to continue the rally