BitcoinLong
BITCOIN - FINAL CHANCE TO BUY BITCOIN? | 61.8% FIB / EQUILIBRIUM
Analysis
Conclusion: All signs point to a final low being made and an explosive move up to finally break out of this consolidation period and push up through $40,000 and towards the next hurdle at $50,000.
- 61.8% local fibonacci retracement met, serving as a bounce region
- Equilibrium (symmetrical triangle) pattern forming post crash
- Multi-day, post-crash consolidation winding pattern to reset indicators and oscillators
- Stochastic at oversold levels and about to reverse
- Inverse head & shoulders pattern close to completion with the right shoulder formation almost complete
Conclusion: All signs point to a final low being made and an explosive move up to finally break out of this consolidation period and push up through $40,000 and towards the next hurdle at $50,000.
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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.