BTC: two Bull scenarios and Timing
Technical Wise:
BTC may have found a temporary bottom.
Impulse wave up following Fibs perfectly.
If this impulse break 8k, the bull sentiment will be very strong.
Fundamentals Wise:
I believe the end March sell off was funds sell at a loss for a Q1 ''write-off''.
This selling was evident in the Stock markets as well.
Now in Q2, I think some of that money is coming back into the market.
BTC may have found a temporary bottom.
Impulse wave up following Fibs perfectly.
If this impulse break 8k, the bull sentiment will be very strong.
Fundamentals Wise:
I believe the end March sell off was funds sell at a loss for a Q1 ''write-off''.
This selling was evident in the Stock markets as well.
Now in Q2, I think some of that money is coming back into the market.
Nota
Forgot to add a larger tf Fib to chart above.It locks right in with my possible targets.
This brown fib from recent 12345 impulse down:
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Penafian
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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.