After outlining the last low for BTC (which can be found here):
Now BTC is skyrocketing to new all time highs. Based on predictive Fibonacci modeling and also our price target of our macro megaphone pattern we can estimate where BTC's next top might be.
Our first target is just slightly above $120k. This would be our extension target of our most recent LFT trend.
If we take a look back at our last mid-macro trend it would give us an extension target slightly below $130k.
Our final target would be $135-136k which would be from our last high to our last low of our mid-macro trend. This is also in alignment with the full measured move of our megaphone pattern.
As more candle structure form around these levels we will update this prediction with even more precise targets. Happy All Time High everyone!
Now BTC is skyrocketing to new all time highs. Based on predictive Fibonacci modeling and also our price target of our macro megaphone pattern we can estimate where BTC's next top might be.
Our first target is just slightly above $120k. This would be our extension target of our most recent LFT trend.
If we take a look back at our last mid-macro trend it would give us an extension target slightly below $130k.
Our final target would be $135-136k which would be from our last high to our last low of our mid-macro trend. This is also in alignment with the full measured move of our megaphone pattern.
As more candle structure form around these levels we will update this prediction with even more precise targets. Happy All Time High everyone!
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.
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.