📈 $BTC DAILY UPDATE
Bitcoin has reached my 1.618 Fibonacci target on the non-logarithmic chart, which shows only a slight difference from the one I used yesterday.
As I mentioned, the risk-to-reward here isn’t good, the downside is far bigger than the upside.
Now, the Stochastic death cross has become even clearer.
From here, we should see Bitcoin take a healthy retracement, with the green support area as the closest target.$BTC
Bitcoin has reached my 1.618 Fibonacci target on the non-logarithmic chart, which shows only a slight difference from the one I used yesterday.
As I mentioned, the risk-to-reward here isn’t good, the downside is far bigger than the upside.
Now, the Stochastic death cross has become even clearer.
From here, we should see Bitcoin take a healthy retracement, with the green support area as the closest target.$BTC