farhadnmd

Bitcoin Bearish Scenario before 100K

farhadnmd 已更新   
BNC:BLX   Bitcoin Liquid Index
Bitcoin just hit the top of its major channel and rejected with an engulfing weekly candle similar to the top back in Dec 2017 bull-run.
The last bull-run in 2017 ended with a %958 growth in price from $1,800 to almost $20K and made a correction of %67 (0.382 fibs level) before the crash caused by Silk-Road shut down.
Now Bitcoin just went up as %958 from the last crash of March 2020 to almost $58K.
If the market cycle repeats itself I expect a %67 correction to 0.382 Fibonacci level which is at $20K and the mid-line of the major channel and the bottom of the red ascending channel before the next top at $100K in 2022.
  • This analysis will be invalidated if a weekly candle closes above $62K
评论:
评论:
评论:
Elliott Impulse Waves for Bullish Scenario
评论:
Silk-Road shut down happened in Nov 2014. Sorry for the typo. Bitcoin crash in 2018 maybe was related to the hacking of exchanges
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。