goldwingmanagement

Fibonacci Analysis on Bitcoin

Panjang
COINBASE:BTCUSD   Bitcoin
Bitcoin has been having quite the run. We can do a Fibonacci analysis on it making sure we set levels at areas where we see testing and lots of channeling. From here, we can see Bitcoin has an upper range to $36k. You should always exit slightly early so I would target 35,945 to take profit. The yellow line you see drawn becomes your stop loss if you want to leave a runner going. Expect retracement down to the 0.236 or the 0.382 levels once you take profit. Now if the levels fails to show retracement activity and stays above the yellow line, you may want to re-enter.
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.