This is my calculations for bitcoin in a possible downtrend.
Example:
74000 / 100 = 740
√ 740 = 27.2
27.2 - 2 = 25.2 (2=360' , 4=720' , ....)
25.2 x 25.2 = 635
635 x 100 = 63500 First support as shown from the top
Example:
74000 / 100 = 740
√ 740 = 27.2
27.2 - 2 = 25.2 (2=360' , 4=720' , ....)
25.2 x 25.2 = 635
635 x 100 = 63500 First support as shown from the top
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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.