Greetings all,
Shortly...
I expect double bottom from the area between 32500 - 33800
and pump to 45k-46k area where is the major fib golden pocket
resistance (Logging the chart)
From this area, i see 14k as the most reasonable bottom of this
correction, for 3 reasons :
Descending triangle in the top, gives target 14k.
14k is non testes support after the break of 10k.
14k it touch the main parabolic curve of Bitcoin History.
In each correction above 70%, price always touch this curve.
GL
Shortly...
I expect double bottom from the area between 32500 - 33800
and pump to 45k-46k area where is the major fib golden pocket
resistance (Logging the chart)
From this area, i see 14k as the most reasonable bottom of this
correction, for 3 reasons :
Descending triangle in the top, gives target 14k.
14k is non testes support after the break of 10k.
14k it touch the main parabolic curve of Bitcoin History.
In each correction above 70%, price always touch this curve.
GL
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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.
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.