Fibonacci Retracements Analysis 05.04.2019 (BITCOIN, ETHEREUM)

April 5, 2019

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, the mid-term ascending correction has reached the retracement of 61.8%. The next target may be the retracement of 76.0% at 5717.00. The support is the retracement of 38.2% at 4433.00.

BTCUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the divergence made the pair resume falling; it has already reached the retracement of 38.2%. The next targets are the retracements of 50.0% and 61.8% at 4700.00 and 4547.00 respectively. The resistance is the high at 5345.00.


Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter






BITCOIN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, the correctional uptrend has already reached the retracements of 61.8%. The next target may be the retracement of 76.0% at 189.00. The support level is the retracement of 38.2% at 135.30.

ETHUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, ETHUSD is being corrected and has already reached the retracement of 61.8%. The next target may be the retracement of 76.0% at 148.89. The local resistance is the high at 179.97.

ETHEREUM

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.