BTCUSD Expectation Long Position
After proving the bearish flag formation BTCUSD touched and jumped the critical support point of triangle and also the support point of "fib retrecament" (7200$)
Now my first goal to sell; insight of the triangle next level should be around 8550$ according to the "Elliott triangle wave pattern" and also "fib extension"
After that, it can drop around 8200$-8250$ this point can be next goal to buy BTC
And before finalizing the triangle formation my final goal to sell is 8950$
Now my first goal to sell; insight of the triangle next level should be around 8550$ according to the "Elliott triangle wave pattern" and also "fib extension"
After that, it can drop around 8200$-8250$ this point can be next goal to buy BTC
And before finalizing the triangle formation my final goal to sell is 8950$
Transaction en cours
Note
There are some different scenarios on the graph.. They are mostly bullish inside of downtrend bearish market. If bulls can not create enough volume to push it around 8k, we probably will see 6600 again. If bulls will win the battle and reach around 8k then next target should be 9k. I strongly believe that after 9k we will see serious falling and touch 6.6k because there is very strong Resistance in 9k and don't forget that we are still inside of bearish market!!
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Publications connexes
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.