{"id":174058,"date":"2020-07-24T09:10:13","date_gmt":"2020-07-24T13:10:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=174058"},"modified":"2020-07-24T08:11:09","modified_gmt":"2020-07-24T12:11:09","slug":"fibonacci-retracements-analysis-24-07-2020-bitcoin-ethereum","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/fibonacci-retracements-analysis-24-07-2020-bitcoin-ethereum\/","title":{"rendered":"Fibonacci Retracements Analysis 24.07.2020 (BITCOIN, ETHEREUM)"},"content":{"rendered":"
July 24, 2020<\/div>
\r\n<\/div><\/div>

by JustForex<\/a><\/strong><\/p>\n

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

As we can see in the daily chart, after testing the current support at 23.6% fibo (8845.00), BTCUSD is forming a steady ascending structure, which may be considered as a new wave towards the high at 10368.40. If the breaks the high, it may continue growing to reach the long0term 76.0% fibo at 11450.00. However, as long as the high isn\u2019t broken, the asset may resume falling towards 38.2%, 50.0%, and 61.8% fibo at 7907.00, 7150.00, and 6390.00 respectively.<\/p>\n

\"BTCUSD_d1\"
\n\"Risk<\/p>\n

The H4 chart a new rising impulse after the convergence, which has already reached 50.0% fibo and may continue towards 61.8% and 76.0% fibo at 9775.00 and 9995.00 respectively. however, in the nearest future. The key support is the low at 8814.20.<\/p>\n

\"BITCOIN_h4\"
\n\"Risk<\/p>\n

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

As we can see in the H4 chart, after finishing the sideways correction around 76.0% fibo, Ethereum started a new rising impulse, which has already broken the high, and right now is trading towards the key high at 288.98. At the same time, there might be a divergence on MACD, which may indicate a possible pullback after the instrument reaches the target. The correctional target is the support at 61.80% fibo at 212.70.<\/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_d1\"
\n\"Risk<\/p>\n

In the H4 chart, the convergence made the pair complete the correctional downtrend and start a new growth, which, after breaking the high at 253.47, has entered the post-correctional extension area between 138.2% and 161.8% fibo at 267.78 and 276.98 respectively. Possibly, the pair may trade sideways within this range. The key support is the low at 215.90.<\/p>\n

\"ETHEREUM_H4\"<\/p>\n

by JustForex<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

by JustForex BTCUSD, \u201cBitcoin vs US Dollar\u201d As we can see in the daily chart, after testing the current support at 23.6% fibo (8845.00), BTCUSD is forming a steady ascending structure, which may be considered as a new wave towards the high at 10368.40. If the breaks the high, it may continue growing to reach […]<\/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-174058","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174058","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=174058"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174058\/revisions"}],"predecessor-version":[{"id":174062,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174058\/revisions\/174062"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=174058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=174058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=174058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}