BTC has a current top on the 1.61. Heading into 1.61 fibs I always tend to lead with a bias of a reversal because if it happens it's massive and if I am wrong I'll usually make a bit of money in a short term reaction off it anyway.
If the 1.61 has a reaction and then later sustains a breakout - that's a very different situation.
After clean 1.61 breaks is the time to make good money on the long side. The first run into it I consider risky, but if it breaks then it's green light.
If BTC is able to hold and sustain the 1.61 break - then I think the next major jump leg goes to $140K. This may be a stall/pullback level but we'd probably then trade through to next resistances.
Pure fib levels would have a top forecast around 240K. Given the typical overshoots we tend to have, this would more likely be around 300K.
Things get really interesting if the 1.61 break holds.
If the 1.61 has a reaction and then later sustains a breakout - that's a very different situation.
After clean 1.61 breaks is the time to make good money on the long side. The first run into it I consider risky, but if it breaks then it's green light.
If BTC is able to hold and sustain the 1.61 break - then I think the next major jump leg goes to $140K. This may be a stall/pullback level but we'd probably then trade through to next resistances.
Pure fib levels would have a top forecast around 240K. Given the typical overshoots we tend to have, this would more likely be around 300K.
Things get really interesting if the 1.61 break holds.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.