Bitcoin made an yearly high of 20% after 6 months in on the yearly candle
This does not make me feel great about the rest of the year
a clear sell signal would be an higher timeframe close under 100k after an upthrust to new ath around 110k - 120k
around 50k-54k for me is an good buy level to build an longterm position:
0.382 fib retracement for an primary 1-2 wave
0.500 fib retracement from the 25k low
0.886 fib retracement from 49k low
50% pullback from current high to projected low
where will bitcoin go ? i don't know, but i do know where i want to buy and when i want to sell
This does not make me feel great about the rest of the year
a clear sell signal would be an higher timeframe close under 100k after an upthrust to new ath around 110k - 120k
around 50k-54k for me is an good buy level to build an longterm position:
0.382 fib retracement for an primary 1-2 wave
0.500 fib retracement from the 25k low
0.886 fib retracement from 49k low
50% pullback from current high to projected low
where will bitcoin go ? i don't know, but i do know where i want to buy and when i want to sell
Trade active
alternative count, the top could be already in for this year at +- 120kOrder cancelled
could have one more push en wick trough 120k supply if 0.50 fib holds at 113800 usd
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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.