Hi! In this analysis, I present the arguments to show what many renowned traders already claim: Bitcoin is only at the beginning of an uptrend. Why do we have a strong uptrend? In the red lines of the Bitcoin graph, we have the historical tops. Below, I configured the CGO (Center of Gravity Oscillator) with a period of 200 days, using a Fibonnaci retraction...
(ℹ) Perhaps the best way to analyze the value of an asset is with Bitcoin, and not with a government-owned coin that only loses value over time... The long uptrend we're in started in January/2020. We can consider that we are in wave 4, and in this wave 4 we are in an ABC correction, where the drop was rejected, corroborating the beginning of wave 5. By...
When the price touches the orange support line, we will likely have a bullish reversal. If the forecast is confirmed, there may be an increase of 100% and later of 400%.
When breaking the triangle up, there is a great possibility of hitting $4.87. Looking at the Center of Gravity Oscillator (CGO), it could be a good time to buy, indicating upward bottoms. An inside bar is also breaking, with a good risk-return.
Until 2008 the gravity center of Eur usd is bullish , after 2008 the gravity center is changed , this is long term analysis ( monthly )
If, Potential L.T. to $190-200 Singles Day Spike/Sell?
#swingtrade #fibonacci 2 Prior Resistance #chipotle
COG ATH #fibonacci align 4 #swingtrade potential
Center of Gravity, Resistance, #Fibonacci Retrace PTs
Potential $158-160 Test, if #earnings are taken well