BitcoinUpdated The Most Important chart for me..
When something goes over all time highs. One reliable indicator you can use is Fib Extension to see where could we face a pullback. Fibonacci is all about the structure presentation. So i have applied it to all time weekly chart. I have seen btc making pullbacks to previously monthly close many times. Currently previous monthly 33137. 53747 is fibb level up where we can expect a pullback which is not far away. But if it breaks above that level i will expect very parabolic move up to next level which is close to 73000.
I have put a Fixed range volume profile showing POC at 1300 range.
Please like or comment
I have put a Fixed range volume profile showing POC at 1300 range.
Please like or comment
Note
This was my previous idea on btc
Note
Note
went long here with .20 stop
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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.