BitcoinMis à jour Btc key supports
Well, we are infront of a new correction, or not, who knows?
Yellow area is a weak support, it can bounce there which i doubt.
Orange area is a strong support, is where all optimistic buyers will buy, and not only that, remember the crash to 1800 usd before this rally? that day btc dumped 30% if we move that 30% with a log scale that means this dump will finish in the orange area.
Major correction scenario, and i think this is the most possible. In case orange area doesnt hold btc will dump for sure to the red rectangle. Why? Previous crash fractal. as you can see if btc dumps to that area and bounce, will repeat the 1800 usd crash, bouncing stronger and harder :D. Red area is a 0.5fib retest too.
In case btc go below my red area IMHO that means we are entering into a real bear market again, and capitulation might be around 1.2k or even lower, but thats not bad news, the last time btc entered a bear cycle the capitulation was around 200-300 usd and look where we are now. in case we capitulate around 1k, next bull cycle in a few years should bring btc to 100k. EASY. But imho again i think we are still in a bull market at least till next may.
have fun!
Yellow area is a weak support, it can bounce there which i doubt.
Orange area is a strong support, is where all optimistic buyers will buy, and not only that, remember the crash to 1800 usd before this rally? that day btc dumped 30% if we move that 30% with a log scale that means this dump will finish in the orange area.
Major correction scenario, and i think this is the most possible. In case orange area doesnt hold btc will dump for sure to the red rectangle. Why? Previous crash fractal. as you can see if btc dumps to that area and bounce, will repeat the 1800 usd crash, bouncing stronger and harder :D. Red area is a 0.5fib retest too.
In case btc go below my red area IMHO that means we are entering into a real bear market again, and capitulation might be around 1.2k or even lower, but thats not bad news, the last time btc entered a bear cycle the capitulation was around 200-300 usd and look where we are now. in case we capitulate around 1k, next bull cycle in a few years should bring btc to 100k. EASY. But imho again i think we are still in a bull market at least till next may.
have fun!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.