Bitcoin / TetherUSUpdated BTC Reasonable Targets
Target 1 > 7.8K-7.6K (End of falling wedge + 0.6 fib + WXY correction and maybe extend to 0.7 fib 7.2K value.)
Target 2 > 13.5K (2nd big wave, 1:1.6 Fib)
Stop loss : 7K ( Major Trend line support) If not holds market will be crashing.
Target 2 > 13.5K (2nd big wave, 1:1.6 Fib)
Stop loss : 7K ( Major Trend line support) If not holds market will be crashing.
Note
Target 1 reached. But It is strong bear right now. So can be wait till at 0.7 fib level (7.2K) confluence zone.(If it brakes down @7.6K value) . Good Luck.
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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.