Hello,
I'm a beginner in TA and would appreciate all relevant feedback.
Using the LOG format, it seems that the Bear cycle is not over, however a Fibonacci alternative also persists.
As you can see, we are soon at the 0.786 Fibonacci Retracement , and there is a chance that we will bounce from here. However looking at the other indicators, there is also a possibility that we started a longer term downtrend till August 2018 and could go as low as %3,200 before going up to new heights.
If you agree with my analysis, I would be grateful if you left a like on this post.
-Hawk
I'm a beginner in TA and would appreciate all relevant feedback.
Using the LOG format, it seems that the Bear cycle is not over, however a Fibonacci alternative also persists.
As you can see, we are soon at the 0.786 Fibonacci Retracement , and there is a chance that we will bounce from here. However looking at the other indicators, there is also a possibility that we started a longer term downtrend till August 2018 and could go as low as %3,200 before going up to new heights.
If you agree with my analysis, I would be grateful if you left a like on this post.
-Hawk
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.