Bitcoin Price Prediction March 7 This is our own analysis for the pair BTC/MXN on the Bitso Exchange
Next Fibonacci target at 0.5 level*Although 0.5 is not a per se level of Fibonacci, it is a very good level to watch.
Chart BTCMXN
Original levels placed in the following order:
Level 0 @ 1399157.59
Level 1 @ 825350.38
Levels 0.236 and 0.382 already broken
My first tech analysis 05/03/2021I took a few trading courses and this is my first analysis where I was expecting bitcoin's price getting dropped in order to make an hypotetical short strategy. The profit area is marked by 0.5 and 0.618 Fibonacci's POV. Also I defiend my stoploss through the Parabolic SAR in case something goes wro
First Rally up to Fibnacci's EXPANSION 1.168First Rally up to Fibnacci's EXPANSION 1.168 then Fibnacci's retracement down to 0.618. This is a TESTED SUPPORT.
Impulso Alsista marcado Posibles impulsos alcistas confirmados, momento de invertir.
Chequen el Ichimoku
y los las resistencias, si rompe la resistencia va a irse sin parar hasta la proxima parada historica.
tengan en cuenta el endurecimiento de la moneda del Halvin
Asi como que el Dollar y muchas mondas en el mundo es
Is this a clear path for BTCMXN?I would say no actually. The chart does not review too many signals, however, using two peaks to build a Gartley pattern still makes sense here. Now let’s see this pattern, first I have to say that some moves do not accurately fit the Fib levels. I still consider it a Gartley pattern. As can be seen
Short BTC for a whileNot breaking the downtrend triangle made over months. Not for now
We can see the RSI is on overbought levels, and the Momentum is almost at sell. Im short, in short term waiting for a signal to buy at a lower level. We also can see a divergence on the RSI and the price downtrend.
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