Fibonacci Circles is another indicator based on the Fibonacci Sequence used in technical analysis. I draw from the turning point of the trend to the top of the trend. Sometimes i can have different drawings, i look at which one is more in line with the trend.
Targets in downtrend fibonacci circle supports.
Trend supports also coincide with this area.
Unless this bearish channel starting at $69000 is broken up i will not plan to buy Bitcoin.
This analysis is similar target with my other analyzes.
So where do you think Bitcoin will go in the next few months? Please share your comments.
*This is my personal opinion and does not include investment advice.
Targets in downtrend fibonacci circle supports.
Trend supports also coincide with this area.
Unless this bearish channel starting at $69000 is broken up i will not plan to buy Bitcoin.
This analysis is similar target with my other analyzes.
So where do you think Bitcoin will go in the next few months? Please share your comments.
*This is my personal opinion and does not include investment advice.
Comment:
Never take my personal opinions as investment advice, you may lose your money.