BTC - Where is it going next? (Express your opinion)
Updated
Since Bitcoin printed a NewATH at 69.000$, price seems to have been trending downward in spirals fluctuations within a respected descending channel, which got broken below with a wick to 41K while price recovered within that channel once again and as well with a fakeout before that wick took place.
Price broke that downtrend descending channel printing Triple Bottom within a falling wedge, patterns which most cases breaks to the upside, like it did.
For the Moment Bitcoin is facing a strong 53-55k resistance area which confluences with
-the broken dark green macro trendline
-0.618 coloured fibbonaci taken from the breakout of the Fake out that took price to 41K.
- price target of falling wedge (white)
These are the first three targets Bitcoin needs to recover and clear me up, in order for the market to seem more bullish for me .
I personally would love some engagements and others screenshoting theirs ideas under the comments below, so do not hesitate to share different spectrums
Till the next one,
TRADE SAFE !
* NOTE THAT THIS IS NOT FINANCIAL ADVICE!
PLEASE DO YOUR OWN RESEARCH WITH YOUR OWN DILIGENCE BEFORE PARTAKING ON ANY TRADING ACTIVITIES BASED SOLY ON THIS IDEA.
PRESERVING YOUR CAPITAL IS A PRIORITY .
Price broke that downtrend descending channel printing Triple Bottom within a falling wedge, patterns which most cases breaks to the upside, like it did.
For the Moment Bitcoin is facing a strong 53-55k resistance area which confluences with
-the broken dark green macro trendline
-0.618 coloured fibbonaci taken from the breakout of the Fake out that took price to 41K.
- price target of falling wedge (white)
These are the first three targets Bitcoin needs to recover and clear me up, in order for the market to seem more bullish for me .
I personally would love some engagements and others screenshoting theirs ideas under the comments below, so do not hesitate to share different spectrums
Till the next one,
TRADE SAFE !
* NOTE THAT THIS IS NOT FINANCIAL ADVICE!
PLEASE DO YOUR OWN RESEARCH WITH YOUR OWN DILIGENCE BEFORE PARTAKING ON ANY TRADING ACTIVITIES BASED SOLY ON THIS IDEA.
PRESERVING YOUR CAPITAL IS A PRIORITY .
Note
It's been quite a journey !
youtube.com/watch?v=JTJrXsmvrxI&list=PLEppGY1zbzifa6Apo05HG5tZDh-V-9I-4&index=8
Note
Note
Red Price target were given as reference points on 2.618 to catch a bounce or maybe DCA into the long term.
Good luck& always,,,
TRADE SAFE
Related publications
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.