Hi All,
By just using Fibonacci and with a few assumptions, like a channel, I'm looking at the channel 0.618 fib level to be the major target, ~6.0 to 6.7
This has confluence with the height of the ABCDE contracting triangle. This should correspond to potentially BTC's target.
I have the 50 and 100 EMA on the DAILY to be the support lines on the pullback.
Note: 5.1 to 5.2 for the first major resistance.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > Macro.charts)
DAILY Chart
By just using Fibonacci and with a few assumptions, like a channel, I'm looking at the channel 0.618 fib level to be the major target, ~6.0 to 6.7
This has confluence with the height of the ABCDE contracting triangle. This should correspond to potentially BTC's target.
I have the 50 and 100 EMA on the DAILY to be the support lines on the pullback.
Note: 5.1 to 5.2 for the first major resistance.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > Macro.charts)
DAILY Chart
Note
OR including the height of ABNote
No matter how you look at it, next is $5.ooNote
I'm expecting for this small bearish div. to play out on the 1 to 2 hrly. Not in the 4 HRLYlNote
Note
BTC and ALTs not looking goodLINK
BTC, needs to hold here
Note
Recovery and now will this help the momentumBTC paring
Note
If I was to guess the next move, a new channel with an increased angle, more bullishNote
If BTC doesn't plunge, then the upper channel is the targetNote
chart update, progressNote
My link macro update
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.