Bull view on bitcoin using 60 minutes time frame
Bitcoin following the Blue trend line with HLs.
Fib extension from wave C, D to E indicated the next bull target at fib extension - 100% as our "Target 1" which has successfully met now.
The "Target 2" will be at 161.8% of Fib Ext CDE. This can be further tested with another fib Ext starting from Wave E which gives the same level of "Target 2" at 100% Fib Ext.
Any pull back would suggest to buy at the levels on the blue trend line which shall be also be consistent with the 50%-61.8% Fib ext levels. If in case Bitcoin starts to break the trend line, the bear phase of BTC will start.
To summarise:
Target 1: 9,400 (nailed)
Target 2:9700
BuY ZoNE: 9100
Bitcoin following the Blue trend line with HLs.
Fib extension from wave C, D to E indicated the next bull target at fib extension - 100% as our "Target 1" which has successfully met now.
The "Target 2" will be at 161.8% of Fib Ext CDE. This can be further tested with another fib Ext starting from Wave E which gives the same level of "Target 2" at 100% Fib Ext.
Any pull back would suggest to buy at the levels on the blue trend line which shall be also be consistent with the 50%-61.8% Fib ext levels. If in case Bitcoin starts to break the trend line, the bear phase of BTC will start.
To summarise:
Target 1: 9,400 (nailed)
Target 2:9700
BuY ZoNE: 9100
Note
By the time I finished my analysis, the Target 2 was nailed. Fire in the house! Stay careful from the pull backs
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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.
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.