{"id":149174,"date":"2019-06-07T09:15:50","date_gmt":"2019-06-07T13:15:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=149174"},"modified":"2019-06-07T07:01:27","modified_gmt":"2019-06-07T11:01:27","slug":"fibonacci-retracements-analysis-07-06-2019-bitcoin-ethereum","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/fibonacci-retracements-analysis-07-06-2019-bitcoin-ethereum\/","title":{"rendered":"Fibonacci Retracements Analysis 07.06.2019 (BITCOIN, ETHEREUM)"},"content":{"rendered":"
June 7, 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 the price had reach the retracement of 38.2%, there was a divergence on MACD, which may the pair start a new decline. By now, the descending correction has already reached the retracement of 23.6%. The next downside targets may be the retracements of 38.2%, 50.0%, and 61.8% 6890.00, 6220.00, and 5534.00 respectively. After completing the pullback, BTCUSD may start a new rising wave to reach the high at 9089.70.<\/p>\n

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

In the H1 chart. BTCUSD is testing the retracement of 23.6%; the pair is trading sideways and this movement may be considered as a short-term ascending correction. The upside targets may be the retracement of 38.2%, 50.0%, and 61.8% at 7971.00, 8130.00, and 8298.00 respectively. If the price breaks the low at 7435.10, it may start a new descending wave.<\/p>\n

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

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

As we can see in the H4 chart, after reaching the retracement of 23.6%, ETHUSD slowed down the correctional downtrend. However, the next downside targets may be the retracements of 38.2%, 50.0%, and 61.8% at 216.90, 194.60, and 172.30 respectively. The resistance is the high at 288.82.<\/p>

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

The H1 chart shows a short-term pullback after the pair finished the descending wave. By now, it has already reached retracement of 38.2%. The next targets may be the retracements of 50.0% and 61.8% at 253.80 and 258.70 respectively. If the instrument breaks the support at 233.10, it may continue its mid-term downtrend.<\/p>\n

\"ETHUSD\"<\/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 the price had reach the retracement of 38.2%, there was a divergence on MACD, which may the pair start a new decline. By now, the descending correction has already reached the retracement of 23.6%. The next downside targets may be the retracements […]<\/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-149174","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149174","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=149174"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149174\/revisions"}],"predecessor-version":[{"id":149176,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149174\/revisions\/149176"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=149174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=149174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=149174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}