It appears quite clearly that BTC has finished the retrace of the initial impulse at 67% retrace level and has given a divergence signal on many lower timeframes for the downside. Fib. extension measurement shows $57,700 next target on the charts.
Caution: if price fails to break through $62,000 on 12 hour timeframe this trade idea could fail as $68,285 extension target is also not fully nullified. I'm bearish and shooting for $57,700 target.
Cheers fellow traders!
Caution: if price fails to break through $62,000 on 12 hour timeframe this trade idea could fail as $68,285 extension target is also not fully nullified. I'm bearish and shooting for $57,700 target.
Cheers fellow traders!
Transaction en cours
We got close enough to intended target ($58,863). Since this pivot level things are volatile and choppy seeming to show a reversal in favor of bulls but the battle is not over.I'm watching today's candle close (10/12/2024) to find more clues. This is the final update to this trade idea. I will post another trade idea on BTC next week once more data is analyzed. In the meantime, if we make a lower high on the daily chart, I expect fall price falling to $61185 and possible still hit the $ 57761 zone.
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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.