BitcoinPanjang
1-2 setup (update 1)
In my previous post, 28 Jul, I mentioned bitcoin has reached the target price of wave 5 of the impulsive wave and about to undergo a corrective wave (abc). It was since then drop from 70,000 to 62,400 within the past few days. I will reckon this drop as wave a of the corrective wave 2 as illustrated in my previous post and update in this post.
It shall embark on a counter rally as wave b with a target price of between 67000 and 68000, within the retracement range of 0.618 and 0.764. The lower trendline of the parallel channel will act as a resistance line as depicted in this chart.
Once it reaches the target range, it shall head downwards as wave c.
It shall embark on a counter rally as wave b with a target price of between 67000 and 68000, within the retracement range of 0.618 and 0.764. The lower trendline of the parallel channel will act as a resistance line as depicted in this chart.
Once it reaches the target range, it shall head downwards as wave c.
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.