Bitcoin GOING 31500 again ??? 8/7/2021

8 ביולי 2021

Time : 4hour
Indication : Fibonacci retracement

As the downtrend Fibonacci retracement as attached ,
There was very strong resistance at the 0.5 which is 35000, since within 5 days cannot break through. we can make sure recently 35000 was a big resistance.

Today the price drop to the 0.618 area around 32800 - 33500 . For Fibo 0.618, the price will struggle at the movement.


Strategy of the day 8/7/2021

Short BTC
Entry price : 33800-34100
CL : 34600
TP 1 : 32600
TP 2 : 31500

Good luck =)