Bitcoin / TetherUSViés de baixa
Bitcoin Update: Zig-zag projection
Hi Everyone,
Though I'm bullish in the mid-term on Bitcoin, it appears there may be a zig-zag pattern being formed - and this could lead to lower short-term prices.
If this is the case, then there is a high probability that we may see price descend below 50k again, and potentially as low as 41k.
This 41k projection has:
1) Fibonacci 38% support
2) Moving average support on the daily and weekly time-frame
3) and is also the 100% extension of Wave A.
This analysis is void if we break above the level marked by the B wave at 59k,
Good luck
kalio5
Though I'm bullish in the mid-term on Bitcoin, it appears there may be a zig-zag pattern being formed - and this could lead to lower short-term prices.
If this is the case, then there is a high probability that we may see price descend below 50k again, and potentially as low as 41k.
This 41k projection has:
1) Fibonacci 38% support
2) Moving average support on the daily and weekly time-frame
3) and is also the 100% extension of Wave A.
This analysis is void if we break above the level marked by the B wave at 59k,
Good luck
kalio5
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.
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.