From TradingView · · 30s
Bitcoin H4 Bearish Reversal
Bitcoin reverses at 61.8% Fibonacci resistance level.
In brief
Bitcoin reverses at 61.8% Fibonacci resistance level. Bitcoin price reverses at 82,701.51 after hitting 61.8% Fibonacci resistance. Originally reported by TradingView.
Bitcoin H4 Chart
Bitcoin price rises to sell entry level at 82,701.51, a pullback resistance aligning with 61.8% Fibonacci retracement.
Stop Loss and Take Profit
Stop loss set at 85,11.44 pullback resistance; take profit at 79,668.85 pullback support.
Risk Warning
65% of retail investor accounts lose money trading CFDs with FXCM; high risk investment warning.
The main idea
Bitcoin price reverses at 82,701.51 after hitting 61.8% Fibonacci resistance.
