BTC Idea: May 19, 2022 (Fibonacci Analysis)

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

brandonmattis

Intraday Idea:

LONG

When price gets near, around & below $27K handle, look to buy. Targeting $30K handle

The .50 level of the Fib Retracement & .75 level of the Fib Resistance Fan act as static & dynamic support levels.

Price Target: $30,000.00 BTC

SHORT

When price gets near, around, & above $30K handle, look to sell. Targeting $27k handle

The .236 level of the Fib Retracement & .618 level of the Fib Resistance Fan act as static & dynamic resistance levels.

Price Target: $27,000.00 BTC

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