BTCUSDT - Long analysis!
Let's keep it short and simple!
Based on the trend based Fibo taken from the prev ATH 64986 and to the recent ATH 69198. BTC has touched the 1 of Fibo so perfectly and went up to retest all the main Fibo levels!
After the bounce from 1 of fibo (32900), BTC formed an ascending triangle which made a push higher to 0.618 level but unfortunately couldn't stay above it (46766 USDT).
I believe DXY - Dollar index is showing some weaker sign which may let crypto market go for a relief run!
I'm marking the first target the retest of 0.618 of Fibo (46766) the Red box!
and second target as 0.5 of Fibo (51049).
Let the success continue :)
Total no. of Analysis : 10
Successful trades : 7
NPNL : 1
Stop Hit : 1
Lost : 0
In Progress : 1
Cheers!
Based on the trend based Fibo taken from the prev ATH 64986 and to the recent ATH 69198. BTC has touched the 1 of Fibo so perfectly and went up to retest all the main Fibo levels!
After the bounce from 1 of fibo (32900), BTC formed an ascending triangle which made a push higher to 0.618 level but unfortunately couldn't stay above it (46766 USDT).
I believe DXY - Dollar index is showing some weaker sign which may let crypto market go for a relief run!
I'm marking the first target the retest of 0.618 of Fibo (46766) the Red box!
and second target as 0.5 of Fibo (51049).
Let the success continue :)
Total no. of Analysis : 10
Successful trades : 7
NPNL : 1
Stop Hit : 1
Lost : 0
In Progress : 1
Cheers!
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.