Hi,
At the moment, the price of Bitcoin trades inside a possible buying zone. Criteria are quite good and at least a short-term bounce should come from the current area.
Considering long-term buyers then, we still might see lower prices so, be careful with that because 50% correction from the top can still happen ;)
Criteria:
1. Equal waves of AB=CD
2. Channel projection
3. Resistance becomes support
4. Daily EMA200 (haven't touched it over a year)
5. Round number 40k
6. Fibonacci rejection
7. Inefficiency around the current price
Target: 46-50k
Stay healthy,
Vaido
At the moment, the price of Bitcoin trades inside a possible buying zone. Criteria are quite good and at least a short-term bounce should come from the current area.
Considering long-term buyers then, we still might see lower prices so, be careful with that because 50% correction from the top can still happen ;)
Criteria:
1. Equal waves of AB=CD
2. Channel projection
3. Resistance becomes support
4. Daily EMA200 (haven't touched it over a year)
5. Round number 40k
6. Fibonacci rejection
7. Inefficiency around the current price
Target: 46-50k
Stay healthy,
Vaido
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
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.
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
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.