What is seen:
Bitcoin has formed a triangle. The opening of the triangle is about 9%.
Also I have the point where it broke the top of the channel that it was in previously that was about a 13.5% rise.
And from the bottom of the first big green candle is just over 23%.
What can be inferred from that:
After breaking out of the triangle.
My first price target is it will go up about 9% to the 1.618 fib level and consolidate under it before anything else (possibly get rejected and go down a bit).
My second is it will go to up about 13.5% and consolidate there before moving higher.
My third price target is it will go up 23%.
Approximate Target prices:
1 $51,000
2 $53,000
3 $58,000
Alternate scenario:
Bitcoin could break down from the triangle retest the top of the channel that it was in previously before moving up.
Bitcoin has formed a triangle. The opening of the triangle is about 9%.
Also I have the point where it broke the top of the channel that it was in previously that was about a 13.5% rise.
And from the bottom of the first big green candle is just over 23%.
What can be inferred from that:
After breaking out of the triangle.
My first price target is it will go up about 9% to the 1.618 fib level and consolidate under it before anything else (possibly get rejected and go down a bit).
My second is it will go to up about 13.5% and consolidate there before moving higher.
My third price target is it will go up 23%.
Approximate Target prices:
1 $51,000
2 $53,000
3 $58,000
Alternate scenario:
Bitcoin could break down from the triangle retest the top of the channel that it was in previously before moving up.
Nota
looking like we will go to around $40k to $42k
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.