BTC Playing Devils Advocate DOWNSIDE AND UPSIDE ANALYSIS (30m)
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DOWNSIDE AND UPSIDE ANALYSIS FOR BITCOIN
= Recent NEW all time high
- PULL BACK low
- FIB EXTENTIONS on the downside AND upside
- MY PERSONAL BIAS IS THAT BTC LIKELY CONTINUES MAKING NEW HIGHS
- DOWN SIDE TARGETS ARE STOP LOSS'S FOR LONG/BUY/CALL TRADES (longer term)
- UPSIDE TARGETS ARE FOR SHORT/SELL/PUT TRADES
CURRENTLY as of END OF MARCH 2024: btc is supporting off of a 50% pull back between the previous support block that preceded the new All Time High.
= Recent NEW all time high
- PULL BACK low
- FIB EXTENTIONS on the downside AND upside
- MY PERSONAL BIAS IS THAT BTC LIKELY CONTINUES MAKING NEW HIGHS
- DOWN SIDE TARGETS ARE STOP LOSS'S FOR LONG/BUY/CALL TRADES (longer term)
- UPSIDE TARGETS ARE FOR SHORT/SELL/PUT TRADES
CURRENTLY as of END OF MARCH 2024: btc is supporting off of a 50% pull back between the previous support block that preceded the new All Time High.
Note
FIB UPDATE 4-1 2024 70K ZONEALL TIME HIGH 73229 PULLED BACK <61,888> @ 50% OF PREVIOUS SUPPORT
CURRENT PRICE 69700 IN .618 - .786 ZONE
OUT OF ZONE TARGETS
50% FIB = 67,271 = LOWER TARGET
.786% FIB = 70, 940 = UPPER TARGET
CURRENT PRICE 69,800
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