Fibonacci Retracements Analysis 05.04.2019 (BITCOIN, ETHEREUM)
BTCUSD, “Bitcoin vs US Dollar”
As we can see in the H4 chart, the mid-term ascending correction has reached the retracement of 61.8%. The next target may be the retracement of 76.0% at 5717.00. The support is the retracement of 38.2% at 4433.00.
In the H1 chart, the divergence made the pair resume falling; it has already reached the retracement of 38.2%. The next targets are the retracements of 50.0% and 61.8% at 4700.00 and 4547.00 respectively. The resistance is the high at 5345.00.
ETHUSD, “Ethereum vs. US Dollar”
As we can see in the H4 chart, the correctional uptrend has already reached the retracements of 61.8%. The next target may be the retracement of 76.0% at 189.00. The support level is the retracement of 38.2% at 135.30.
In the H1 chart, ETHUSD is being corrected and has already reached the retracement of 61.8%. The next target may be the retracement of 76.0% at 148.89. The local resistance is the high at 179.97.
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