{"id":148318,"date":"2019-05-24T09:14:16","date_gmt":"2019-05-24T13:14:16","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148318"},"modified":"2019-05-24T07:16:32","modified_gmt":"2019-05-24T11:16:32","slug":"fibonacci-retracements-analysis-24-05-2019-bitcoin-ethereum","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/fibonacci-retracements-analysis-24-05-2019-bitcoin-ethereum\/","title":{"rendered":"Fibonacci Retracements Analysis 24.05.2019 (BITCOIN, ETHEREUM)"},"content":{"rendered":"
May 24, 2019<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

BTCUSD, \u201cBitcoin vs US Dollar\u201d<\/strong><\/p>\n

In the H4 chart, after reaching the long-term retracement of 38.2% at 8520.00, BTCUSD started a new pullback to the downside, which has already reached the retracement of 23.6%. The next downside targets may be the retracements of 38.2% and 50.0% at 6445.00 and 5849.00 respectively. After finishing this pullback, the price may resume trading upwards. If the instrument breaks the high at 8365.70, the pair may continue growing to reach the retracements of 38.2% and 50.0% at 8520.00 and 10170.00 respectively.<\/p>\n

\"Bitcoin\"
\n\"Risk<\/p>\n

In the H1 chart. BTCUSD is trading downwards to re-test the retracement of 23.6%. if the price breaks it, the instrument may continue falling towards the retracement of 38.2%.<\/p>\n

\"BTCUSD\"
\n\"Risk<\/p>\n

ETHUSD, \u201cEthereum vs. US Dollar\u201d<\/strong><\/p>\n

As we can see in the H4 chart, ETHUSD is forming another correction to the downside, which has already reached the retracement of 38.2%. The next targets may be the retracements of 50.0% and 61.8% at 213.13 and 197.52 respectively. After finishing the correction, the instrument may start a new rising wave to break the high at 279.90.<\/p>

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\"ETHUSD\"
\n\"Risk<\/p>\n

The H1 chart shows more detailed structure of the correction.<\/p>\n

\"Ethereum\"<\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com BTCUSD, \u201cBitcoin vs US Dollar\u201d In the H4 chart, after reaching the long-term retracement of 38.2% at 8520.00, BTCUSD started a new pullback to the downside, which has already reached the retracement of 23.6%. The next downside targets may be the retracements of 38.2% and 50.0% at 6445.00 and 5849.00 respectively. After […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-148318","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=148318"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148318\/revisions"}],"predecessor-version":[{"id":148322,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148318\/revisions\/148322"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}