BitcoinLong
BITCOIN will find support above $57k & Rally To $90k In 2025.
I thought I would look at BITCOIN as I've been doing my Plan Your Trade videos.
I don't follow BITCOIN much - but the skills I teach related to price channels, Fibonacci Price Theory, Anchor Bars, Fibonacci Retracement/Extension, and others can be easily applied to any chart.
So, I created this video to share with you how I look at opportunities and pertinent price formations.
First, I see a FLAG formation that is nearly complete.
Second, I see a 100% measured move that has prompted the stalling price action (the FLAG).
Third, I see multiple price channels leading to a robust possibility for a rally phase in BITCOIN later this year and into 2025.
Lastly, I paired my analysis of BITCOIN with my expectations for the US Indexes. Thus, if I were expecting a broad market collapse over the next 6 to 12+ months, I would bias my decision-making towards the downside as asset declines typically result in all assets moving downward for a brief period.
Watch this video and let me know what you think. I've laid out an A (bullish) vs. B (bearish) scenario for everyone and highlighted key levels of support/resistance for traders.
At this point, I believe the strongest outcome for BITCOIN is a bullish rally targeting 90k+
I don't follow BITCOIN much - but the skills I teach related to price channels, Fibonacci Price Theory, Anchor Bars, Fibonacci Retracement/Extension, and others can be easily applied to any chart.
So, I created this video to share with you how I look at opportunities and pertinent price formations.
First, I see a FLAG formation that is nearly complete.
Second, I see a 100% measured move that has prompted the stalling price action (the FLAG).
Third, I see multiple price channels leading to a robust possibility for a rally phase in BITCOIN later this year and into 2025.
Lastly, I paired my analysis of BITCOIN with my expectations for the US Indexes. Thus, if I were expecting a broad market collapse over the next 6 to 12+ months, I would bias my decision-making towards the downside as asset declines typically result in all assets moving downward for a brief period.
Watch this video and let me know what you think. I've laid out an A (bullish) vs. B (bearish) scenario for everyone and highlighted key levels of support/resistance for traders.
At this point, I believe the strongest outcome for BITCOIN is a bullish rally targeting 90k+
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Get More Great Research & Tools
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.Com Expert Growth Today
Get Some.
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.Com Expert Growth Today
Get Some.
Related publications
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.