{"id":2944,"date":"2023-03-06T14:36:42","date_gmt":"2023-03-06T14:36:42","guid":{"rendered":"http:\/\/ewforex.net\/blog\/?p=2944"},"modified":"2023-03-06T14:36:42","modified_gmt":"2023-03-06T14:36:42","slug":"bitcoin-remains-steady-after-falling-through-support","status":"publish","type":"post","link":"https:\/\/ewforex.net\/blog\/economia\/bitcoin-remains-steady-after-falling-through-support\/","title":{"rendered":"Bitcoin Remains Steady After Falling Through support!"},"content":{"rendered":"\n<p>Featured chart by StockCharts.com<\/p>\n\n\n\n<p>Elliott Wave analysis by Raul Fernando Luna Toro<\/p>\n\n\n\n<p>BTC\/USDT opened at <strong>$22430.2<\/strong>4 hit in intraday high of <strong>$22508.00<\/strong>, a low of <strong>$22258.00 <\/strong>and is now trading at <strong>$22393<\/strong> so far this morning.\u00a0<\/p>\n\n\n\n<p>So far this morning BTC\/USDT Binance bar is inside yesterday\u2019s bar as it trades in what is probably a 4<sup>th<\/sup> wave.&nbsp; &nbsp;The drop through green Minor Degree lower channel trend line confirmed blue Intermediate (B) retracement to Fibonacci levels.&nbsp;<\/p>\n\n\n\n<p>Price support is down at the <strong>$21351.07<\/strong> Feb 13 green Minor Degree 4.\u00a0 Below this there are the Fibonacci support levels: 38.2% <strong>$20943.40<\/strong>, 50.0% <strong>$19767.88<\/strong>, 61.8% <strong>$18656<\/strong>.<\/p>\n\n\n\n<p>These are great buying opportunities for what is most likely a retracement of a larger move to the upside for the benchmark crypto.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0817-AM-1-day.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"468\" src=\"https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0817-AM-1-day-1024x468.png\" alt=\"\" class=\"wp-image-2946\" srcset=\"https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0817-AM-1-day-1024x468.png 1024w, https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0817-AM-1-day-300x137.png 300w, https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0817-AM-1-day-768x351.png 768w, https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0817-AM-1-day-1536x701.png 1536w, https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0817-AM-1-day-850x388.png 850w, https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0817-AM-1-day.png 1914w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption>Above is a daily log chart of BTC\/USDT Binance by Motive Wave with Elliot Wave Labeling. <\/figcaption><\/figure>\n\n\n\n<p>From the 1-hour chart price has contracted down into a tight range.\u00a0 Price resistance is at the <strong>$22560.00<\/strong> and the <strong>$22662.09<\/strong> with support at the <strong>$22250.00<\/strong> and the <strong>$22189.22<\/strong>.\u00a0 \u00a0The <strong>$21971.13<\/strong> red Micro Degree low is critical support.\u00a0 A drop through this and price should have no problem getting to AvsB Fibonacci support levels.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0821-AM-1-hour-1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"468\" src=\"https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0821-AM-1-hour-1-1024x468.png\" alt=\"\" class=\"wp-image-2948\" srcset=\"https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0821-AM-1-hour-1-1024x468.png 1024w, https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0821-AM-1-hour-1-300x137.png 300w, https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0821-AM-1-hour-1-768x351.png 768w, https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0821-AM-1-hour-1-1536x701.png 1536w, https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0821-AM-1-hour-1-850x388.png 850w, https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/BTCUSDT-Alternate-2-Mar-06-0821-AM-1-hour-1.png 1914w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption>Above is a 1-hour bar chart of BTC\/USDT Binance with Elliott Wave Labeling.<\/figcaption><\/figure>\n\n\n\n<p>All trend line should support and resists.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Featured chart by StockCharts.com Elliott Wave analysis by Raul Fernando Luna Toro BTC\/USDT opened at $22430.24 hit in intraday high of $22508.00, a low of $22258.00 and is now trading at $22393 so far this morning.\u00a0 So far this morning BTC\/USDT Binance bar is inside yesterday\u2019s bar as it trades in what is probably a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Remains Steady After Falling Through support! | Casa de cambios | ewforex.net<\/title>\n<meta name=\"description\" content=\"Conoce el precio del d\u00f3lar en per\u00fa actualidado cada dia, compra del dolar, venta del dolar y la cotizacion del dolar actual en cambistas, casas de 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