Bitcoin continues to follow the Fibonacci pattern and is now testing the trendline. Price has also stayed within the ascending triangle identified in my last chart analysis.
A break above the trendline clears the path towards $50400 where we may encounter a little resistance, however, a breakthrough at this level clears the way for $76k, our next Fibonacci...
In my Previous Post, I said Price could Push higher from the 50% fib zone. Having Re-visited the charts, I have now identified an Ascending Triangle and Price has pushed below, retested, and now continues to fall. We could see a Gap appear at the Open after the weekend with Price potentially pushing as low as $99.
#appleinc #applestocks #appleshares...
Price continues to follow the Fibonacci Levels and has now identified an Ascending Triangle.
This is an update to my previous charts, laying out the Fibonacci Levels as projected up-to the point of the Triangle.
If price continues on its current path, we could be looking at a Price of around the $169k level by the end of 2021.
#bitcoin #bitcoinforecast #btcusd...
FACEBOOK INC. has had a good run during the lockdown and is now showing signs of a reversal on the Daily Charts along with the Asian Markets in a selling frenzy regarding the top listed tech companies.
The Triangle identified on the daily chart should see price ranging, before pushing lower sending the recent uptrend into a downtrend .
Apple has retraced to the 61% Fibonacci zone and is now showing signs of a push higher. We may see a small dip back towards the 61.8 Fib zone, however, I'm almost positive Price will then push higher again towards the 1.61 Fib Extension zone around 171.00
Price is following the Fibonacci retracement perfectly and we should see a bounce once the 50% zone is breached. If price breaches the 61.8% zone, then price will probably continue down, however now that $100k is in sight, I feel the big investors will push back once they have squeezed the last of the sellers out.
Bitcoin to $100k
Price is continuing to fall and has yet to breach the 50% fib level. Once this zone is reached we are looking for a reversal and a huge push higher. Have faith. Bitcoin is now mainstream news and has far too much interest, not forgetting - There will only EVER be 21 MILLION BITCOINS, then that's it. The price will quickly become per Satoshi!
As per my post yesterday, ~Price has pushed lower, however, the buyers kept pulling the price back. This indicates there are still plenty of buyers and they are drawing the sellers out.
I feel we will see a further dip to squeeze out the last of the sellers before a push higher. I don't see the price dipping lower than the 0.618 Fib before the buyers jump back on...
Following a break, price moved below the 38% Fibonacci, Daily price has since pulled back the losses.
Looking at the daily chart, Price has used this candle formation in the past, followed by a push higher.
If the pattern is duplicated, the Price will push higher, followed by a retracement and a further push higher. Eventually peaking at $100k before pulling...
As you can see from the daily chart, Price is respecting the Fibonacci Extensions and Retracement. The way to $100k is now clear and I would say it will happen quite soon. #bitcoin #btcusd #bitcointrading #tothemoon