Fibonacci Retracements Analysis Bitcoin, Ethereum

Fibonacci Retracements Analysis Bitcoin, Ethereum

Dmitriy Gurkovskiy  | Sep 04, 2020 11:51

BTC/USD
On H4, the Bitcoin demonstrates the development of a steep declining wave after a short-term pullback. The bearish wave reached 61.8% Fibo and may proceed to 76.0% (9690.00). The main goal of such a movement may be the fractal low of 8814.00. The resistance is still at the peak of 12479.50.
BTCUSD_H4
On H1, the declining wave kept going down the Fibo levels gradually with short pullbacks. Currently, having reached 61.8% Fibo, the market is performing a pullback. Another goal of the decline is 76.0%; upon reaching this, a pullback may bring the quotations to 38.2%.
BTCUSD_H1
ETH/USD
On H4, the market is developing a downtrend after an uptrend and a divergence. The declining wave broke away 38.2% and is testing it. The next goals of the decline are 50.0% (351.90), 61.8% (319.80), and 76.0% (281.35). The resistance is at the high of 488.68.
ETHEREUM_H4
On H1, the Ethereum, having reached 38.2% Fibo, is performing a short-term pullback. The next goal of the decline is 50.0% (351.90).
ETHUSD_H1

Dmitriy Gurkovskiy

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izad panah Vafaei
izad panah Vafaei

have a support line on 280   ... (Read More)

Sep 05, 2020 19:54 GMT· Reply
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