Hi everyone,
Just to share some Elliot/Fibonacci analysis. I remain long term bullish on bitcoin, but short-term over the next few days the price may go lower.
I think we're in the final sub-wave 5 of wave C to complete the ABC correction that has been forming over the past few weeks.
I see support potentially somewhere between 26-29k (29k = 100% of Wave 0-A; 26k = aggressive 150% wave iii of sub-wave 5 extension).
Its never easy to predict the future - but I hope this helps and good luck!
Just to share some Elliot/Fibonacci analysis. I remain long term bullish on bitcoin, but short-term over the next few days the price may go lower.
I think we're in the final sub-wave 5 of wave C to complete the ABC correction that has been forming over the past few weeks.
I see support potentially somewhere between 26-29k (29k = 100% of Wave 0-A; 26k = aggressive 150% wave iii of sub-wave 5 extension).
Its never easy to predict the future - but I hope this helps and good luck!
Nota
Just an update, as the sub-wave iv finished higher than in the original projection. The revised target is still within the original range but now narrowed to 28.3-28.8k.
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.