InvestMate|Bitcoin a breath of optimism ₿
₿ Bitcoin a breath of optimism.
₿ I must admit that my attitude about Bitcoin has changed slightly.
₿ After what I have seen in the last few days, I am no longer as bullish as I was before.
₿ Which does not change the fact that one cannot be negative about a given asset because it did not follow a pre-determined scenario.
₿ I come to you today with something fresh, an upside scenario set on low intervals.
₿ Likely to be implemented in the next few days.
₿ Let me start by saying that, despite the new lows, I believe that Bitcoin could make a bigger upward correction at this point.
₿ I have set a support zone around the 0.5 fibo level of the current upward wave after the new low was hit.
₿ I determined the resistance zone based on the fibo cluster of two levels. The first is the fob level of 0.236 of the entire downward wave from the peak at around 21.5k and the second fibo level is 0.5 of the entire downward wave from the execution of the largest upward correction after the first drop.
₿ I believe there is a high probability of an upward breakout from the triangle we are currently in and reaching the resistance zone.
₿ The scenario I am playing out is to maintain the upward direction with a local stop near resistance.
₿ *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
₿ I must admit that my attitude about Bitcoin has changed slightly.
₿ After what I have seen in the last few days, I am no longer as bullish as I was before.
₿ Which does not change the fact that one cannot be negative about a given asset because it did not follow a pre-determined scenario.
₿ I come to you today with something fresh, an upside scenario set on low intervals.
₿ Likely to be implemented in the next few days.
₿ Let me start by saying that, despite the new lows, I believe that Bitcoin could make a bigger upward correction at this point.
₿ I have set a support zone around the 0.5 fibo level of the current upward wave after the new low was hit.
₿ I determined the resistance zone based on the fibo cluster of two levels. The first is the fob level of 0.236 of the entire downward wave from the peak at around 21.5k and the second fibo level is 0.5 of the entire downward wave from the execution of the largest upward correction after the first drop.
₿ I believe there is a high probability of an upward breakout from the triangle we are currently in and reaching the resistance zone.
₿ The scenario I am playing out is to maintain the upward direction with a local stop near resistance.
₿ *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
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It launched like a rocket🚀Note
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.