Hi guys! 👋🏻
🔔 You heard Bitcoin for $110K many times, so in this chart I tried to visualize it to show why this is very possible.
🔔 Bitcoin on a daily chart looks slightly bearish, to continue the uptrend it must close above $64100, which is a 0.618 Fibo of the October 20 drop.
🔔 By the way the drop was caused not only by the retest of a dynamic resistance but because of the Settlements of Bitcoin futures on CME, so keep that on track when you trade Bitcoin.
🔔 There also is a possible correction to $58900 and $53300 to retest EMA50, so keep that in mind as well.
🔔 The importance of EMA50
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 You heard Bitcoin for $110K many times, so in this chart I tried to visualize it to show why this is very possible.
🔔 Bitcoin on a daily chart looks slightly bearish, to continue the uptrend it must close above $64100, which is a 0.618 Fibo of the October 20 drop.
🔔 By the way the drop was caused not only by the retest of a dynamic resistance but because of the Settlements of Bitcoin futures on CME, so keep that on track when you trade Bitcoin.
🔔 There also is a possible correction to $58900 and $53300 to retest EMA50, so keep that in mind as well.
🔔 The importance of EMA50
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
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.
Nothing is true, everything is permitted.
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
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.