BTC: two Bull scenarios and Timing
Technical Wise:
BTC may have found a temporary bottom.
Impulse wave up following Fibs perfectly.
If this impulse break 8k, the bull sentiment will be very strong.
Fundamentals Wise:
I believe the end March sell off was funds sell at a loss for a Q1 ''write-off''.
This selling was evident in the Stock markets as well.
Now in Q2, I think some of that money is coming back into the market.
BTC may have found a temporary bottom.
Impulse wave up following Fibs perfectly.
If this impulse break 8k, the bull sentiment will be very strong.
Fundamentals Wise:
I believe the end March sell off was funds sell at a loss for a Q1 ''write-off''.
This selling was evident in the Stock markets as well.
Now in Q2, I think some of that money is coming back into the market.
Note
Forgot to add a larger tf Fib to chart above.It locks right in with my possible targets.
This brown fib from recent 12345 impulse down:
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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.