BTCUSD 12/22/2020
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Our Long Position dated December 15 & 17, 2020 makes a big gains from 20% to 25% based on Spot Trade (Of course Futures Trading is much more bigger). I think Bitcoin is now closer into it's potential top. So, right now, I talk about pullback levels. here is the previous technical analysis.
Unfortunately, the trading position on YFIUSDT did not play well but I still believe that this Elliot Wave count is still valid. We have just to wait for favorable opportunity.
____
Analysis
Summary:
A closed above $ 24,298.04 further upside to come.
I think the price to go up first before a big dump to come
but if the price close above on Daily at $ 25,460.00
- I think further up.
Overall, looks good.
Elliot Wave
In the assumption that $ 25,460 is the top on this rally.
Pullback Levels
I forgot to mention in the chart that there is a strong potential of a buying pressure at $ 19,490.00 (In case of pullback in the future) which is in confluence with 0.618 (Green Box). See the Weekly Chart in this TA.
If $ 19,490.00 is equal to 0.382, the current price may go as high as $ 25,460.00. That’s a dump of 20%.
Time Frames
1W
1D
4HR
1HR
_____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Our Long Position dated December 15 & 17, 2020 makes a big gains from 20% to 25% based on Spot Trade (Of course Futures Trading is much more bigger). I think Bitcoin is now closer into it's potential top. So, right now, I talk about pullback levels. here is the previous technical analysis.
Unfortunately, the trading position on YFIUSDT did not play well but I still believe that this Elliot Wave count is still valid. We have just to wait for favorable opportunity.
____
Analysis
Summary:
A closed above $ 24,298.04 further upside to come.
I think the price to go up first before a big dump to come
but if the price close above on Daily at $ 25,460.00
- I think further up.
Overall, looks good.
Elliot Wave
In the assumption that $ 25,460 is the top on this rally.
Pullback Levels
I forgot to mention in the chart that there is a strong potential of a buying pressure at $ 19,490.00 (In case of pullback in the future) which is in confluence with 0.618 (Green Box). See the Weekly Chart in this TA.
If $ 19,490.00 is equal to 0.382, the current price may go as high as $ 25,460.00. That’s a dump of 20%.
Time Frames
1W
1D
4HR
1HR
_____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Note
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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.
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.