Part 1
Let's analyze the weekly btc chart.
First we analyze the fib.
after btc reach 52-53k zone. We have seen a reversal signal.
we set as fib 0.
look at the chart. strong resistance is at fib 0.6.
price is reacting at fb 0.2 but i think price will keep going down till fib 0.5 and 0.6
if price reacts strongly in fib 0.6 area. Double bottom pattern is formed. This is a balanced double bottom pattern. The price will have an upward signal.
but if the price breaks through the fib 0.6 area, I think the price will drop to the 0.7 zone, maybe 1.
Now what we need to do is wait for the next price wave. Do not buy at this time.
I will update more in the coming weeks.
Let's analyze the weekly btc chart.
First we analyze the fib.
after btc reach 52-53k zone. We have seen a reversal signal.
we set as fib 0.
look at the chart. strong resistance is at fib 0.6.
price is reacting at fb 0.2 but i think price will keep going down till fib 0.5 and 0.6
if price reacts strongly in fib 0.6 area. Double bottom pattern is formed. This is a balanced double bottom pattern. The price will have an upward signal.
but if the price breaks through the fib 0.6 area, I think the price will drop to the 0.7 zone, maybe 1.
Now what we need to do is wait for the next price wave. Do not buy at this time.
I will update more in the coming weeks.
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.