Where Could Bitcoin Go?
Hello!
I am Donald David Dongalore!
It seems reasonable to me that the move down has been completed!
With BTC moving down to a retrace of 61.8% of its total move from the bottom as established as support based on the 1458 Day SMA, I think we can look safely for long opportunities!
Also, check out that wedge, I heard that wedges are all the rage!
The projection I've applied here is nothing more than a 1.618 move from what I expect is the bottom of this recent fall down.
The time cycle is just an extrapolation of how long the most recent move from highs had taken.
Coincidentally, the projection would seem to line up with a "sell the news" event correlating with the upcoming halving.
Always remember, this is not financial advice!
I am Donald David Dongalore!
It seems reasonable to me that the move down has been completed!
With BTC moving down to a retrace of 61.8% of its total move from the bottom as established as support based on the 1458 Day SMA, I think we can look safely for long opportunities!
Also, check out that wedge, I heard that wedges are all the rage!
The projection I've applied here is nothing more than a 1.618 move from what I expect is the bottom of this recent fall down.
The time cycle is just an extrapolation of how long the most recent move from highs had taken.
Coincidentally, the projection would seem to line up with a "sell the news" event correlating with the upcoming halving.
Always remember, this is not financial advice!
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.
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.