BTCUSDThis bull cycle started at the bottom of the parallel channel & won't stop until the top of the trend or the midline, BTC has been respecting the logarithmic parallel channel & trend-based fib extensions since the 2012-2014 cycle.
BTC has consistently struggled with the mid-line and each fib level (More apparent on daily & 4hr)
We have a major double hurdle coming up at 76k with the fib & midline in close proximity. We could see a major correction (still on trend but intense) at the midline before continuing up to the top of the channel --> leading to our next bear market while we retrace to the bottom or midline of the channel.
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76k Next stop :agree:
20.176k is still in play too though :thinking_face:
We either slowly pamp to 76.178k or we test the fib below to turn it to support :agree:
We haven't tested the fib below since we broke out :thinking_face:
Both fibs being tested is on the cards too (Hitting that fib above and correcting to the fib below before moving up)
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Just realized the emoji's didn't work ahahahNota
Added some fib channels & realized that BTC has been respecting them quite closely.. The rally stopping around 42k coincided with the fib channel in that area as well.. We've managed to overcome a fib channel fib & turned it into support, Next leg up to 76k is possible by the looks of it
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Closer look at the new fib channel support we've claimed
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^Here is another idea I made for BTC with a look at the renko chart & areas of supply/demand & possible S/R zones
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New Idea:
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New Idea:
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Here's another look at BTC:
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New Idea!
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Scary near-perfect rejection from that 0.382^closer view
^Same fib but low time-frame
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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.