Hi,
I had done a analysis on Weekly time frame, on BLX BTC index few months ago.
Here is an update on it.
I was thinking after the move up from 29k (in end of jully 2021) to 69k (in midle november 2021) than this analysis was NOT relevant anymore, but who knows.
Maybe it is still correct...
NOTES :
For the Fib Level, I have checked the option bellow :
Fib levels based on log scale
I have leave the last Fib. retracement I had draw.
I had done a analysis on Weekly time frame, on BLX BTC index few months ago.
Here is an update on it.
I was thinking after the move up from 29k (in end of jully 2021) to 69k (in midle november 2021) than this analysis was NOT relevant anymore, but who knows.
Maybe it is still correct...
NOTES :
For the Fib Level, I have checked the option bellow :
Fib levels based on log scale
I have leave the last Fib. retracement I had draw.
Note
Here an estimation of a possible date for this bottom :arround 14 Feb 2022
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.