BTC - NOT BAD AT ALL. AND WE SAID IT! NOW WHAT?
Finally, after 8 months, the 2-channel structure was broken! and guess which side. The less likely one. We said though. Market cap was a good indicator.
UPWARD TARGETS
It is difficult to say a target as all extensions have been overcome and fibo is useless as we do not know a top yet for tracing it. So, we have to use past static supports/resistances, that are 2-3 year old though and they are not very indicative as the price was not stationary there for a long time. 16400 and 18100 are the next resistances before the epic bull run. This is consistent with my secret indicator that was indicating 15650 but now updated to 16560. Let's ride this trend with a trailing stop.
DOWNSIDE TARGETS
I personally do not believe that we will see any value below 10k. Actually I think it is difficult we will see 10k again. Unless catastrophic real world scenarios, as any value below 11k will make btc weak again. And this, after 3 years of struggles and problems, and after the halving, would be very bad for BTC.
I will accumulate more at any of the 3 black lines, 2 static (12k and 11k) and 1 dynamic.
UPWARD TARGETS
It is difficult to say a target as all extensions have been overcome and fibo is useless as we do not know a top yet for tracing it. So, we have to use past static supports/resistances, that are 2-3 year old though and they are not very indicative as the price was not stationary there for a long time. 16400 and 18100 are the next resistances before the epic bull run. This is consistent with my secret indicator that was indicating 15650 but now updated to 16560. Let's ride this trend with a trailing stop.
DOWNSIDE TARGETS
I personally do not believe that we will see any value below 10k. Actually I think it is difficult we will see 10k again. Unless catastrophic real world scenarios, as any value below 11k will make btc weak again. And this, after 3 years of struggles and problems, and after the halving, would be very bad for BTC.
I will accumulate more at any of the 3 black lines, 2 static (12k and 11k) and 1 dynamic.
Trade active
retest of the channel at the moment.Trade closed: target reached
the indicator was saying 16560! Incredible precision. I am stunned myself
Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
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.
Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
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.