Continuation FIB Study for Bitcoin Using 61.8 as High Coordinate
Four different scenarios in this study. The WHITE Scenario is my "Most Likely to Occur" scenario with anticipated energy. Next "Most Likely to Occur" scenario would be my ORANGE Scenario with below anticipated energy. The AQUA scenario is with above average anticipated energy. The GREEN scenario would be with parabolic well over anticipated energy. Dates on the vertical time lines are subject to change with the indicators as the price action evolves. I did not include the indicators on this chart to leave plenty of room to view FIB levels. Indicators can be seen on my other BTCUSD publications.
This "idea" (opinion) is labeled a LONG position to coincide with my LONG TERM analysis even though I'm anticipating a dip to occur very soon. If you are looking for entry of a long position and/or to accumulate bitcoin, I recommend waiting on this current dip.
Including a screenshot of the cover chart in case TradingView's platform scrunches up the cover chart.
This "idea" (opinion) is labeled a LONG position to coincide with my LONG TERM analysis even though I'm anticipating a dip to occur very soon. If you are looking for entry of a long position and/or to accumulate bitcoin, I recommend waiting on this current dip.
Including a screenshot of the cover chart in case TradingView's platform scrunches up the cover chart.
Comment:
We MIGHT end up going to the next PURPLE FIB LEVEL at $10,800 to $11,000 before it FINALLY dips. As you can see, one has to be super patient if they intend to short bitcoin.
Comment:
A look at the 4h TF:
Related Ideas
"Potential Dip to Range of $9,493 to $9,145 Then Back Up Higher!"