Bitcoin ( BTC ) still not out of the woods!

Bitcoin ( BTC ) still not out of the woods!



hey guys Forex capital here let's take a look and see what bitcoin is doing today that's my goal is I like to start in the daily chart I can mention before we were holding a pretty thin line the 61 percent retracement here of that big swing now looking at this I mean typically you retrace so once we have a pullback like this where we could usually retrace 50% of that so I can see this coming all the way to what 8300 now that will also go in line with a 20 moving average and this trend line and then we might see a pullback and then we can go from there I'm still not quite sure what we're gonna do but I'm kind of an alert mode now if we just draw a couple other trend lines from here let's see cuz we could be in a channel but you don't know just yet let's take a look and see let's go down to the 4-hour chart here see what this is doing well not so much in a shanty channel is I don't know it looks kind of funky to me so when stuff looks funky yeah remember if you're trying to cheat here you're only cheating yourself so you don't want to do that so I think you know right here we have some support and then we're gonna have a lot of resistant over here in the 8300 level because we like I said once you have a pull back like this where you should be traced to the 50% retracement so we got away and see if we do break we'll probably gonna be chased a 61 pull back and then as long as we hold above the 38 percent retracement and I think we're gonna start pulling higher again I still think that you know we're gonna pull higher than probably have another pull back before every seems to like the big trend but we got a way to see how those levels played out I haven't added anything Bitcoin wise or any positions right now I'm kind of standstill mode if you guys liked the video please subscribe you know so if you want to see any other pairs comment down below and then I'll get those working for you Thanks against guys have a good day

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