Bitcoin is likely to touch the demand position in the $40,000 - $44,000 area based on Elliott Wave Theory, bitcoin will move to phase C. where the price will return to the 2nd wave area.
"REMEMBER" this is just an idea based on technical analysis, it is possible that BTC will retest to the $60,000 - $62,000 area, and will continue the phase as shown in the chart above. I've added Fibonacci index level 0.618 which is in the $43,000 area (Strong support).
Not financial advice, Do with your own risk
Any Donation/Support (ETH)
0x94bD70a85147A9f2588994854617987D980acED2
Thanks
"REMEMBER" this is just an idea based on technical analysis, it is possible that BTC will retest to the $60,000 - $62,000 area, and will continue the phase as shown in the chart above. I've added Fibonacci index level 0.618 which is in the $43,000 area (Strong support).
Not financial advice, Do with your own risk
Any Donation/Support (ETH)
0x94bD70a85147A9f2588994854617987D980acED2
Thanks
Trade closed: target reached
Target Done
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.
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.