I want to start this post with giving my apologizes to you guys. Im sorry. I was in a rush, and I simply wanted to make a post on BTC just to prove a point, so I ran the ticker in the scanner and it came up with what I shared in my latest post
But now I have to share this chart, because when I had a look at it I noticed that we definitely should have used the lows of December 15th instead of the ones we used earlier.
This means we are expecting a potential reversal at 4400 instead of 6000. thats a huge difference if you ask me.
So please be careful if you are looking to buy or even in worst case are holding bitcoin from 7000, since there is a high probability that price is going to head towards 4400 before beginning to reverse.
From here there will be partial profit taking at the fibonacci levels plotted on the screen
Please give the chart a like if and make sure to state your thoughts in the comments below, and follow me for more advanced technical analysis!
Thank you for reading and may God bless you
But now I have to share this chart, because when I had a look at it I noticed that we definitely should have used the lows of December 15th instead of the ones we used earlier.
This means we are expecting a potential reversal at 4400 instead of 6000. thats a huge difference if you ask me.
So please be careful if you are looking to buy or even in worst case are holding bitcoin from 7000, since there is a high probability that price is going to head towards 4400 before beginning to reverse.
From here there will be partial profit taking at the fibonacci levels plotted on the screen
Please give the chart a like if and make sure to state your thoughts in the comments below, and follow me for more advanced technical analysis!
Thank you for reading and may God bless you
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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.
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.