Bitcoin short to long term projction
Hi everyone,
Let me make a detailed list of what we have:
Fibonacci cluster: 5.500-5.600 usd (#bitcoin respects fibonacci clusters almost perfectly in its price history)
INDICATORS:
Daily: bullish divergence (need to see more follow through soon)
Weekly: bullish divergence
Wave count: We're already or about to finish the 5 wave down. It means we will see at least 3 wave up soon in the worst scenario
Hope it helps
Long term trend support:
Let me make a detailed list of what we have:
Fibonacci cluster: 5.500-5.600 usd (#bitcoin respects fibonacci clusters almost perfectly in its price history)
INDICATORS:
Daily: bullish divergence (need to see more follow through soon)
Weekly: bullish divergence
Wave count: We're already or about to finish the 5 wave down. It means we will see at least 3 wave up soon in the worst scenario
Hope it helps
Long term trend support:
Note
First target: 35.600 usdSecond target: 54.000 usd
Note
Like planned
I believe trading is a dynamic organism, and dont folow static plans. So i try to measure momentum and trade level by level. My trading setups are trad-able only in my style. I do not advise you to follow my trades, but only see a different perspective
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.
I believe trading is a dynamic organism, and dont folow static plans. So i try to measure momentum and trade level by level. My trading setups are trad-able only in my style. I do not advise you to follow my trades, but only see a different perspective
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.