hi
mentioned charts are our analysis for #BTC in higher time-frames which show the overall Bitcoin 0.75% movements.
Bitcoin 0.75% moved from 6500 upto 10K namely wave “D” and entered wave “E” correction wave which was the ending for the triangle...
Last wave of the triangle may complete at 50% and 61% Fibonacci levels and start with an uptrend.
In the next chart we see that the correction was at 8200, 50% Fibonacci level.
But we have to investigate in lower time-frames to confirm the ending for the correction wave and it confirms if:
BTC 0.75% breaks out from the B-D trend line at 9600.
Overally I believe that we might have a correction wave after a temporary rise and it may go down to 8K level and even lower.
I hope that you have made the most out of our advice about #BTC TA. Not so many people can forsee Bitcoin 0.75% movements for long-term investments.
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.