FIRST Video BITCOIN Review . Elliott Bull to April
This is my first attempt at the video capture for Trading View Reviews.
Bitcoin looks like it has one more dip before a bullish run.
Weekly is still BEARISH MacD. I anticipate one more week or so of range.
Otherwise the Daily Candles are BULLISH .
Volume was large at Midnight Today, but has been steadily decreasing which is BEARISH. The SEC CFTC talks did little for what was already happening in price.
Fibonacci levels line up with approaching Support and Resistance levels. Fibonacci indicator helped me accurately predict the zone we are in now as a place of support. We could see a further dip to the $6750 area before onward and upward.
Elliot Wave is not an exact mathematical indicator and is open to your interpretation. However using it in this setting one can see where the Resistance and Support are incoming.
Taking a long term View, my forecast is a return to December levels in April or May. That is a 5-6 month recovery. Positive healthy signs for a valuable asset.
BTC
Bitcoin looks like it has one more dip before a bullish run.
Weekly is still BEARISH MacD. I anticipate one more week or so of range.
Otherwise the Daily Candles are BULLISH .
Volume was large at Midnight Today, but has been steadily decreasing which is BEARISH. The SEC CFTC talks did little for what was already happening in price.
Fibonacci levels line up with approaching Support and Resistance levels. Fibonacci indicator helped me accurately predict the zone we are in now as a place of support. We could see a further dip to the $6750 area before onward and upward.
Elliot Wave is not an exact mathematical indicator and is open to your interpretation. However using it in this setting one can see where the Resistance and Support are incoming.
Taking a long term View, my forecast is a return to December levels in April or May. That is a 5-6 month recovery. Positive healthy signs for a valuable asset.
BTC
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.