BTCUSDT 17 OCT 2020 1620hrs

BTCUSDT 17 OCT 2020 1620hrs

Daily chart target.

Looking to see what the situation is at:
Previous resistance turned support
50.0-61.8% fib
RSI at or below axis (50)

Could be a while before these areas are hit bu that is just the way BTC moves. Unless you are using leverage , you are stuck looking for long entrys.

Dont chase into key resistance zones.

In general
when price is nearing resistance you want to start considering profit taking
when price is nearing support you want to consider looking for longs.

Volume is always first of course.

Published at Sat, 17 Oct 2020 22:25:00 +0000

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