In the previous idea, since Bitcoin was at the golden Fibonacci level, we anticipated a price correction and a downward trend.
However, the bullish whales invalidated this expectation by breaking through and forming a green candlestick, confirming the validity of this support level.
This suggests that Bitcoin's price may now rise toward the 1.38 Fibonacci extension level before a potential decline begins.
The first target remains the golden Fibonacci level, followed by the whale's wings as the second target, and finally, the depths of the ocean as the third target.
This Idea underscores the importance of key Fibonacci levels and whale activity in determining Bitcoin's short-term price movements.
However, the bullish whales invalidated this expectation by breaking through and forming a green candlestick, confirming the validity of this support level.
This suggests that Bitcoin's price may now rise toward the 1.38 Fibonacci extension level before a potential decline begins.
The first target remains the golden Fibonacci level, followed by the whale's wings as the second target, and finally, the depths of the ocean as the third target.
This Idea underscores the importance of key Fibonacci levels and whale activity in determining Bitcoin's short-term price movements.
Note
buy stop 102k tp 110kTrade active
tp touched .I'll wait for today's daily candle to close before looking for a sell order.
Note
possible Pending buy Stop 102 tp 120
This idea is based on harmonic patterns and candlestick formations at Fibonacci levels. The targets and Entry Points for this order change along the way, depending on the candlestick patterns.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
This idea is based on harmonic patterns and candlestick formations at Fibonacci levels. The targets and Entry Points for this order change along the way, depending on the candlestick patterns.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.