{"id":168462,"date":"2020-04-10T09:15:37","date_gmt":"2020-04-10T13:15:37","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=168462"},"modified":"2020-04-10T07:19:12","modified_gmt":"2020-04-10T11:19:12","slug":"fibonacci-retracements-analysis-10-04-2020-bitcoin-ethereum","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/fibonacci-retracements-analysis-10-04-2020-bitcoin-ethereum\/","title":{"rendered":"Fibonacci Retracements Analysis 10.04.2020 (BITCOIN, ETHEREUM)"},"content":{"rendered":"
April 10, 2020<\/div>
\r\n<\/div><\/div>

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

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

As we can see in the H4 chart, BTCUSD has completed the correction at 50.0% fibo. Another signal to confirm a reversal is a divergence on MACD. However, as long as there is no \u201cBlack Cross\u201d and the pair doesn\u2019t break the support at 6440.00, there might be a possibility of further growth towards 61.8% fibo at 7987.50. Still, after breaking the current support, the instrument may continue trading downwards to reach the low at 3929.70.<\/p>\n

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

In the H1 chart, the previous rising only \u201ctouched\u201d the post-correctional extension area between 138.2% and 161.8% fibo at 7410.00 and 7685.00 respectively, but couldn\u2019t go any further. After the divergence, the instrument started a new decline towards the support at 38.2% fibo (6440.00).<\/p>\n

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

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

As we can see in the H4 chart, after reaching 38.2% fibo, ETHUSD is starting a new decline. However, it\u2019s too early to call this decline a reversal, because the price may yet grow towards 50.0% fibo at 189.40. If the pair does reverse, the first downside target will be the low at 89.90. After breaking the low, the pair may fall to reach the post-correctional extension area between 138.2% and 161.8% fibo at 50.30 and 9.25 respectively.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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

The H1 chart shows a new decline after the divergence. The downside targets may be 23.6%, 38.2%, and 50.0% fibo at 156.00, 143.37, and 133.20 respectively.<\/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 As we can see in the H4 chart, BTCUSD has completed the correction at 50.0% fibo. Another signal to confirm a reversal is a divergence on MACD. However, as long as there is no \u201cBlack Cross\u201d and the pair doesn\u2019t break the support at 6440.00, there might […]<\/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-168462","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168462","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=168462"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168462\/revisions"}],"predecessor-version":[{"id":168464,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168462\/revisions\/168464"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=168462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=168462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=168462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}