TICKER CODE: BTCUSD
Company Name: BITCOIN
Industry: Crypto Currency / Blockchain
Technical Analysis
1. Falling Wedge / Flag Forming (More likely to be a wedge)
2. Inverted Head & Shoulders (Forming)
3. Fibonacci Retracement at 0.618 (Golden Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: 24000
Entry 2: 13900 (Should the market break below 24000)
1st Partial Take Profit: 80000
2nd Full Take Profit 120000
This is just a projection. *I may be wrong
Here's my references
Note that there is a Head and Shoulders forming at the top part of the chart. Should the chart pattern move accordingly we will see the market hit 40000 before rising a little bit and then I projected the fall from there again to continue forming the falling wedge. /
Company Name: BITCOIN
Industry: Crypto Currency / Blockchain
Technical Analysis
1. Falling Wedge / Flag Forming (More likely to be a wedge)
2. Inverted Head & Shoulders (Forming)
3. Fibonacci Retracement at 0.618 (Golden Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: 24000
Entry 2: 13900 (Should the market break below 24000)
1st Partial Take Profit: 80000
2nd Full Take Profit 120000
This is just a projection. *I may be wrong
Here's my references
Note that there is a Head and Shoulders forming at the top part of the chart. Should the chart pattern move accordingly we will see the market hit 40000 before rising a little bit and then I projected the fall from there again to continue forming the falling wedge. /
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.
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.