BTC mid-term analysis [bullish biased]
Hi there
This is my view of the bullish scenario for BTC in the days coming.
Zoom in and zoom out to check the confluence of:
1- The uptrend channel that we are in since 10500 .
2- The Fibonacci retracement and extension levels that are touched .
3- And the way this trend tends to move upward after breaking out of, and then retouching the trend line that gets formed by connecting the highs ( which are lower highs, that I have drew white dashed line to illustrate) of the down trend; which is it-self the retracement phase for the uptrend before it .
BTW! THIS is NOT a financial advice.
This is my view of the bullish scenario for BTC in the days coming.
Zoom in and zoom out to check the confluence of:
1- The uptrend channel that we are in since 10500 .
2- The Fibonacci retracement and extension levels that are touched .
3- And the way this trend tends to move upward after breaking out of, and then retouching the trend line that gets formed by connecting the highs ( which are lower highs, that I have drew white dashed line to illustrate) of the down trend; which is it-self the retracement phase for the uptrend before it .
BTW! THIS is NOT a financial advice.
Penafian
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