$BTC The expected 2-6-18 pattern has become active. It approached 78037 and a sell-off occurred.


The decline could continue down to 73762. At this level, a decision will be made whether the decline is complete or will continue.
If it holds, the upward potential remains.
If it stays below 73762, the last wave's Fibonacci 0.618 support at 70165 could act as support.
If it holds, a rebound is expected.
If a close above 79555 occurs in the upward move, the last dip wave will have formed its first high peak on the 4-hour chart.
This would be a sign that the upward trend will continue further.
Resistance levels of 98000 - 109000 - 107000 can be monitored.
If the decline deepens, the supports to watch are 65666 - 63823 - 62433 - 60000.
A daily close below 60000 indicates the decline will deepen further.
This means a deep correction has begun.
BTC-2.21%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments