Greetings crypto friends! Bitcoin/USD is being interesting, as it is now trading at uncharted prices- again!
If we observe, there are no price resistances, so we will plot Fibonacci retracements.
I plotted the Fib from wave one to wave 2. If we look at the diagram above, the resistances we will watch for are at the 39.5 k area and the 37.7 k area.
Support is on the 37 k area and a strong 34k area.
Based on that, we can see a rally to 39.5 k area, and after that, a retracement to 34 k. Then, the price will go beyond 40 k.
On top of that, as long as Supertrend(Indicator) holds, and the volume is consistent, we can see a good trend in the daily timeframe.
So, based on this, what should we do in the short-term?
Well, I recommend we should long Bitcoin. There are still no signs of price slowing down and reversing.
Meanwhile, let's enjoy the crypto craze as we go :D
Cheers, profits!
Make sure to follow me, Trader_ph, for more forecasts on all subjects of trading.
If we observe, there are no price resistances, so we will plot Fibonacci retracements.
I plotted the Fib from wave one to wave 2. If we look at the diagram above, the resistances we will watch for are at the 39.5 k area and the 37.7 k area.
Support is on the 37 k area and a strong 34k area.
Based on that, we can see a rally to 39.5 k area, and after that, a retracement to 34 k. Then, the price will go beyond 40 k.
On top of that, as long as Supertrend(Indicator) holds, and the volume is consistent, we can see a good trend in the daily timeframe.
So, based on this, what should we do in the short-term?
Well, I recommend we should long Bitcoin. There are still no signs of price slowing down and reversing.
Meanwhile, let's enjoy the crypto craze as we go :D
Cheers, profits!
Make sure to follow me, Trader_ph, for more forecasts on all subjects of trading.
Nota
36k support is REALLY strong! Lets go!Nota
We already are at 37.5 K lets go!Penerbitan berkaitan
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.
Penerbitan berkaitan
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.