Green = entry zone, red = sell zone
Preface: I am NOT saying to enter at the time of posting. PLEASE READ.
Explanation on the Fibonacci levels on the graph:
-Wave 2 retraced 78.6% of wave 1, meaning that it is very likely that wave 4 will retrace, at most, 23.6-50%. Since a 50% retracement would put wave 4 below wave 1, I have only put 23.6%.
-Since wave 3 did a nearly perfect 100% extension of wave 1-2, I have set the price target at a 161.8% extension of wave 1-2 on wave 5.
-While RSI is performing well from high to high, it is a rising wedge. It means a short correction term is likely.
If you have any questions or feedback, feel free to leave them in the comments. I have been unable to reply to comments recently due to moderation action, but if I can't respond because of this feel free to PM me.
Bitcoin tip jar: 1GE36bSw7uq8CbaPoYybtEArE58qHF1uRe
Preface: I am NOT saying to enter at the time of posting. PLEASE READ.
Explanation on the Fibonacci levels on the graph:
-Wave 2 retraced 78.6% of wave 1, meaning that it is very likely that wave 4 will retrace, at most, 23.6-50%. Since a 50% retracement would put wave 4 below wave 1, I have only put 23.6%.
-Since wave 3 did a nearly perfect 100% extension of wave 1-2, I have set the price target at a 161.8% extension of wave 1-2 on wave 5.
-While RSI is performing well from high to high, it is a rising wedge. It means a short correction term is likely.
If you have any questions or feedback, feel free to leave them in the comments. I have been unable to reply to comments recently due to moderation action, but if I can't respond because of this feel free to PM me.
Bitcoin tip jar: 1GE36bSw7uq8CbaPoYybtEArE58qHF1uRe
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.