-blue rectangles are new fib extension zone of consolidation.
-green rectangles are old fib retracement zone of consolidation
-red rectangles are old zone of overbought.
-blue triangles with green border are a correlation between old and new fib zones.
we can see that on a bullish market bitcoin next important zone would be found at over 30K.
on a bearish or correction pattern, we would find support on all the fib zones for nice entry.
for short therm traders looking at the current market structure you could go long as long as the market are bullish from the santa rally.
for medium therm traders: i would suggest any entry now with a target at +30K before the next fib zone.
for long therm crypto investor: well buy now is cheap and who know's were will it stops. but at least if fondamentals are good and its not an hype thing, you will consistently beat the s&p500 in the futur years to come.
best regards.
jeremy, paris france. chief analyst at la defense.
-green rectangles are old fib retracement zone of consolidation
-red rectangles are old zone of overbought.
-blue triangles with green border are a correlation between old and new fib zones.
we can see that on a bullish market bitcoin next important zone would be found at over 30K.
on a bearish or correction pattern, we would find support on all the fib zones for nice entry.
for short therm traders looking at the current market structure you could go long as long as the market are bullish from the santa rally.
for medium therm traders: i would suggest any entry now with a target at +30K before the next fib zone.
for long therm crypto investor: well buy now is cheap and who know's were will it stops. but at least if fondamentals are good and its not an hype thing, you will consistently beat the s&p500 in the futur years to come.
best regards.
jeremy, paris france. chief analyst at la defense.
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.
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.