On going FIBonacci price targets of BTCUSD.
112,750 1st target, new all time high.
Resistance likely @ previous 108k all time high.
:: See chart for predictive price path.
--- Mid - Late Feburary price price prediction.
::: Speculative assumption on current BTC price action. :::
***Newest local low and price action suggest the new local low bottom...
Based on historical backtest of trade strategy.
18H BTC HEIKINASHI
If the candle closes at or above the indicated value of the purple line as shown,
typical trade is 23 bars with and average profit of 8.18%.
This would be a longer term/higher time frame change in structure for BITCOIN.
60k double bottom is still in uptrend. Lower time frames are...
30 Min Supertrend / Ehlers VIDYA Stragety.
Significant touch back to 60K price level.
BTC failed to make a NEW all time high after the 73.6k new all time high was achieved.
Upon failure, new lows have continued to 60k.
30m Stragety signal shows support @ 60k touch.
Stragety signal and NEW UPtrend will confirm the 60k BASE, with a Heikinashi close @ or...
Holding 60 K as recent local low, potential retracement's as shown
30m strategy signals are pulling back to support then pushing higher.
Halving event brought no significant volatility into the weekend trading.
** use previous FIB level as Stoploss for LONG/BUY
*** seek next FIB zone as target for taking profits/support/pullback
--Message me for strategy...
DOWNSIDE AND UPSIDE ANALYSIS FOR BITCOIN
= Recent NEW all time high
- PULL BACK low
- FIB EXTENTIONS on the downside AND upside
- MY PERSONAL BIAS IS THAT BTC LIKELY CONTINUES MAKING NEW HIGHS
- DOWN SIDE TARGETS ARE STOP LOSS'S FOR LONG/BUY/CALL TRADES (longer term)
- UPSIDE TARGETS ARE FOR SHORT/SELL/PUT TRADES
CURRENTLY as of END...
I dont trade with candle sticks. Follow along with the LEAP contest. Ill get my charts for SPX and GOLD soon enough.
GOOD LUCK!
CRYPTO:BTC
XAUUSD OANDA (charts coming Fri 3-1 or Mon.)
SPX OANDA
