BitcoinLong
Bitcoin: $13,200 on August 29, 2019
The long term chart on top has a Fibonacci graphic with 1.00 at the genesis of the 2017 bull run, which was around January 2015 @ $197. It ends at the peak of the 2017 bull run around $19,800 in December 2017.
The recent impulse to $13,800 established a resistance level around $13,200, which happens to be 23.6% on the Fibonacci graphic. From June to July 2019, the price established another support/resistance around $10,750, which happens to be 38.2% on the Fibonacci graphic. As of August 2, 2019, the price is crawling just below the 38.2% level at around $10,500.
In the shorter term chart on the bottom, a parabola was created from the peak in June at $13,800 to the point where the downward trend reversed in July at $9100.
Prophecy:
The reflected side of the parabola predicts Bitcoin once again reaching the resistance level of $13,200 on August 29, 2019.
August 29, 2019 @ $13,200
The recent impulse to $13,800 established a resistance level around $13,200, which happens to be 23.6% on the Fibonacci graphic. From June to July 2019, the price established another support/resistance around $10,750, which happens to be 38.2% on the Fibonacci graphic. As of August 2, 2019, the price is crawling just below the 38.2% level at around $10,500.
In the shorter term chart on the bottom, a parabola was created from the peak in June at $13,800 to the point where the downward trend reversed in July at $9100.
Prophecy:
The reflected side of the parabola predicts Bitcoin once again reaching the resistance level of $13,200 on August 29, 2019.
August 29, 2019 @ $13,200
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.