BTCUSD: Potential for $43,500 to $40,100 Within the Next 8-Days.
Hi Everyone! Looks like continued downward pressure a while that could push us down to within proximity of the Yellow B-Band Basis in the 4-Day Time Frame. I would be surprised if we fall within proximity of the Yellow B-Band Basis during the current 4-Day Candle. The "odds" are likely higher to fall within proximity of the Yellow B-Band Basis in the 4-Day time frame during the NEXT 4-Day Candle. At which point, the Yellow B-Band Basis will be almost dead even with the 0.618 FIB Retrace Level of approximately $40,300. I'll post a 4-Day chart shortly with the FIB Retrace Levels.
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UPDATE:4-Day Time Frame with FIB Retrace Levels:
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UPDATE:Daily Time Frame:
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UPDATE:Downward pressure may continue until mid March, 2021.
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UPDATE:REMINDER: This is a NEAR to MID TERM ANALYSIS. This is NOT a Short Term or Scalping analysis.
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UPDATE:BTCUSD: Be Cautious Opening a Margin Long From Here. Here's WHY
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UPDATE:Be mindful of what could be brewing up in the 3-Day time frame in the near future.
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.