Hello!! and welcome to my first technical analysis as a trader
My name is Jorge and I am from Mexico, i've been trading for 2 years crypto and a bit of forex. I've learned the hard way: liquidations, sentiments, no SL, but this also has accelerated my learning and helped me to understand the virtues of a successful trader. I want to share my with you because i love it, and i think that market psychology can be understood by mathematics, but not only talking about the market psychology, but everything in life: you, me, and the universe.
So after getting excited a bit too much i want to share with you my first technical anallysis on Bitcoin :
We can see that bitcoin is having it's first correction to .236, with a big red candle, with lower buys, and probably it will continue it's path until it reaches .618 fib level. Then we can continue with the parabolic growth, reaching a new maximum.
This sort of corrections can be seen on 2017, where bitcoin usually corrects to .618 , continuing it's parabolic growth.
LEt me know what you think!