Using dynamic projections that are external to the current price trend (wave, channel, etc.) and mapping those to the fib levels internal to the current price trend, at least one obvious point/range will tie out.
This is a good way to get a preliminary idea of where the current trend may terminate. Whenever planning a breakout trade that seeks to enter uncharted territory, I'd suggest performing this analysis first to get an idea of how many bags its likely to be.
In this case, it looks like BTC can run up to 67k in the near-term. Absurd as it sounds, it's likely going to happen sooner than later.
if this arrow above somehow holds support for a move to the next ath, i will be using it as a set of trendlines to trade the remaining portion of this supposed bitcoin projection. also, this part of the projection was completely unintentional and has no basis in any sort of technical method.
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Im counting this as an internal win, but since it didnt actually touch either target, I will a harsh L instead.
Remember - harsh L's regarding slight projection misses are very fine with me if 115% was bagged and can get out on top.
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.