BTCUSD Possible bulish beakout targets Fibonacci testing
Updated
I will post further explanations if there is any interest in this.
For observation purposes, testing FIbonacci through all dimentions and variations.
Blue patterns Accumulation(smaller cycle)?
Green patterns Parabolic pump?
Pink patterns Consolidation?
Red patterns Distribution?
Not financial advice.
Recognising patterns, trying to fit in movements. Supply and demand perpetu mobile activated?
Two probable bulish scenarios.
Possible targets:
17.200
17.700
Possible retractements if we brake structure and do a bearish retest:
15.700
15.000
Don't get liquidated.
Cheers!
For observation purposes, testing FIbonacci through all dimentions and variations.
Blue patterns Accumulation(smaller cycle)?
Green patterns Parabolic pump?
Pink patterns Consolidation?
Red patterns Distribution?
Not financial advice.
Recognising patterns, trying to fit in movements. Supply and demand perpetu mobile activated?
Two probable bulish scenarios.
Possible targets:
17.200
17.700
Possible retractements if we brake structure and do a bearish retest:
15.700
15.000
Don't get liquidated.
Cheers!
Trade active
So far the price followed up on the golden ratio and is advancing towards the upper trendline of the trading channel. I expect that we will consolidate a bit in between 16.000 - 16800 for the next 12 hours at least.Note
getting tighter, correcting ratiosTrade closed: target reached
Well above the clouds now. Hope you are enyoying the hype.
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