FIMATHE on Bitcoin.
Updated
This is my TA utilizing the FIMATHE technique.
Do you know what FIMATHE is? It's a technical analysis created by Marcelo Ferreira a Brazilian TA Analist.
According to FIMATHE we are now at a bullish trend.
$ 64000 to $ 45500 (Reference Channel)
$45500 to $ 33000 (Neutral Zone)
The price is targeting the 33k range. With very high support between 33k and 28.7k.
If we broke 33k with volume and full candle close, the price has potencial to reach a bottom at $23500
If 33k holds we could see a rally to 54k.
Not Financial Advice.
Do you know what FIMATHE is? It's a technical analysis created by Marcelo Ferreira a Brazilian TA Analist.
According to FIMATHE we are now at a bullish trend.
$ 64000 to $ 45500 (Reference Channel)
$45500 to $ 33000 (Neutral Zone)
The price is targeting the 33k range. With very high support between 33k and 28.7k.
If we broke 33k with volume and full candle close, the price has potencial to reach a bottom at $23500
If 33k holds we could see a rally to 54k.
Not Financial Advice.
Note
BTC has reached the target at $23500, i am accumulating here. It can dump a lot more but i don't care. Tomorrow will probably have a bounce (bouces doesn't mean reversal).
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.