BTC.D Analysis on Daily Time Frame
BTC.D is looking good now, after the correction that we have seen since 20th October top, also a sell signal on Falcon CCI Indicator on Trading View.
BTC.D, retraced to 61.8% levels, an important fib level, - does this mean this is Wave 2? I am not big fan of Elliott Waves but if this is Wave 2, then it will go up in Wave 3 to 161.8%. The target that I have set for this is just below those levels to around 51%, a very likely scenario considering Macro factors of inflation the news, and how new companies, countries and governments are adopting, obviously with some laws and framework - read India and Australia's recent cyber summit.
Not getting in too much details here, I think BTC.D is about to reverse, some key points for those will be Falcon CCI entry signal, a crossover that I always check.
How to trade, BTCUSDT is the key here, once this reversal happens then I will look at upside till the weekly resistance - do your homework and find that level.
All the best!
Don't forget to follow me on twitter, telegram and everywhere.
BTC.D, retraced to 61.8% levels, an important fib level, - does this mean this is Wave 2? I am not big fan of Elliott Waves but if this is Wave 2, then it will go up in Wave 3 to 161.8%. The target that I have set for this is just below those levels to around 51%, a very likely scenario considering Macro factors of inflation the news, and how new companies, countries and governments are adopting, obviously with some laws and framework - read India and Australia's recent cyber summit.
Not getting in too much details here, I think BTC.D is about to reverse, some key points for those will be Falcon CCI entry signal, a crossover that I always check.
How to trade, BTCUSDT is the key here, once this reversal happens then I will look at upside till the weekly resistance - do your homework and find that level.
All the best!
Don't forget to follow me on twitter, telegram and everywhere.
Nota
Already started moving up! Reason: it was supposed to. Price action, Falcon CCI and overall market sentiment.
We may see BTCUSDT at 54K levels for a bounce if it goes bad from here.
Falcon Trader
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Falcon Trader
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.