Hello there!!
I was just taking a look at BTC current and past price action, and it seems we will be coming down from this resistance, to my final target of 27,500. We could go even lower than this as some suspect, but I am looking for a turn around once we reach this point. This is a short technical-analysis based on major trend-lines and fibs. After we reach our target, we will have completed a very nice head-and-shoulders, and will have reached the bottom of our support. I expect a bounce up at that point, but I could be wrong, this is just my view.(Not based on wave analysis, more-so technical indicators.) 👇👇👇👇
👇👇👇
I would always love to hear YOUR opinion on BTC, and where you think it is going!! 😃😄
Thank you so much for considering this short post.
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbay
I was just taking a look at BTC current and past price action, and it seems we will be coming down from this resistance, to my final target of 27,500. We could go even lower than this as some suspect, but I am looking for a turn around once we reach this point. This is a short technical-analysis based on major trend-lines and fibs. After we reach our target, we will have completed a very nice head-and-shoulders, and will have reached the bottom of our support. I expect a bounce up at that point, but I could be wrong, this is just my view.(Not based on wave analysis, more-so technical indicators.) 👇👇👇👇
👇👇👇
I would always love to hear YOUR opinion on BTC, and where you think it is going!! 😃😄
Thank you so much for considering this short post.
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbay
Note
This update chart is just to point out the fact that although we "could" be gaining support here at 50 % fib retracement, this does not mean automatic shoot up. We could be building a support cluster here like we did back in JAN.-FEB. of this year,
which means we will bounce around, and possibly back down to ~27,500 through early June. This is just my current view, I always recommend looking at multiple charts/news/etc.
Thank you!!!
Jazerbay ☯
Note
retesting that 50 fib retracement support line, all eyes on BTC
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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.