Price seems to be railed to the downtrend line, previous resistance at 450 satoshi level lines up with both Fib and previous uptrend line. This support was only tested once, so could be weak.. But I like the convergence of the 4 lines (Up/down trend + Fib + Resistance/support) on this chart for a solid buy. Looking at a buy zone between 400-500 satoshi within the next few days before we start another cycle.. February should be an interesting month with all the money pouring into the space!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.