{"id":163097,"date":"2020-01-10T09:45:58","date_gmt":"2020-01-10T14:45:58","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=163097"},"modified":"2020-01-10T07:27:55","modified_gmt":"2020-01-10T12:27:55","slug":"fibonacci-retracements-analysis-10-01-2020-bitcoin-ethereum","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/fibonacci-retracements-analysis-10-01-2020-bitcoin-ethereum\/","title":{"rendered":"Fibonacci Retracements Analysis 10.01.2020 (BITCOIN, ETHEREUM)"},"content":{"rendered":"
January 10, 2020<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

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

As we can see in the daily chart, BTCUSD has finished the correctional uptrend at the long-term resistance, which is 50.0% fibo at 8500.00. However, we shouldn\u2019t exclude further growth towards 61.8% at 8958.00, but only after a short-term decline, because \u201cGolden Cross\u201d on MACD has been formed very recently. Still, the main scenario implies that the instrument is expected to start a new descending wave to reach the low at 6430.30 and then mid-term 76.0% fibo at 5700.00.<\/p>\n

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

In the H4 chart, the pair is correcting towards the local support, which is 23.6% fibo at 7395.00. If the price rebounds, it may start a new impulse to reach 61.8% fibo at 8958.00. Later, BTCUSD may break this level and fix below it. In this case, the instrument may continue falling to attack the low.<\/p>\n

\"BTCUSD_H4\"
\n\"Risk<\/p>\n

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

As we can see in the daily chart, the correctional uptrend has stopped at 38.2% fibo. According to the main scenario, the price is expected to fall and reach the low at 116.06, but the next rising wave may head towards 50.0% and 61.8% fibo at 157.57 and 167.40 respectively.<\/p>

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

The H4 chart shows that after reaching 38.2% fibo, the price has started a new decline. MACD indicates further growth after a short-term decline.<\/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 As we can see in the daily chart, BTCUSD has finished the correctional uptrend at the long-term resistance, which is 50.0% fibo at 8500.00. However, we shouldn\u2019t exclude further growth towards 61.8% at 8958.00, but only after a short-term decline, because \u201cGolden Cross\u201d on MACD has been […]<\/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-163097","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163097","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=163097"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163097\/revisions"}],"predecessor-version":[{"id":163098,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163097\/revisions\/163098"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=163097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=163097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=163097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}