$BTC
BTC has been quiet for a few days because of the war news. We do not have any confirmations of escalation or a seize fire. That's why, BTC is behaving like this. However, this is like the Calmness before the storm. I think, a move is coming soon. Let's see what the chart says to us.
If you've been following me, then you know what these two boxes mean. They are Fibonacci Resistance zones. BTC needs to break above these boxes in order to achieve a bullish market structure. Let's see what happens next.
Also, on 1D tf, BTC has reclaimed 50MA which is good for the bulls. Next they will target that 100MA. 100MA is inside the resistance zone. So, we need to observe BTC inside that box. Till then, patience.
#BTC #USIranDealOrNoDeal
BTC has been quiet for a few days because of the war news. We do not have any confirmations of escalation or a seize fire. That's why, BTC is behaving like this. However, this is like the Calmness before the storm. I think, a move is coming soon. Let's see what the chart says to us.
If you've been following me, then you know what these two boxes mean. They are Fibonacci Resistance zones. BTC needs to break above these boxes in order to achieve a bullish market structure. Let's see what happens next.
Also, on 1D tf, BTC has reclaimed 50MA which is good for the bulls. Next they will target that 100MA. 100MA is inside the resistance zone. So, we need to observe BTC inside that box. Till then, patience.
#BTC #USIranDealOrNoDeal