After the drop, price is currently trading in a downwards channle. I'm expecting price will hit $0.13 soon as mentioned earlier.
I placed my long orders between $0.13 - $0.14. This should be the final push lower before we start seeing bullish momentum
I'm entering shorts at the 78.6 fib. And around $24100. take profit's are open. The goal is below $10000
Trying to catch a long at the range-low before a further meltdown.
Short after daviation of the range-high. Confluence with the fibonacci
Here is a verry small update for my last analysis on the month chart Here on the weekly chart it's starting to look like price started the next cycle my eyes are peeled to the .786 fib. All i can say is: $7400 - $6300 is the level i'm waiting for!
I want to share my thoughts about Bitcoin. Probably many people won't like this, that's fine :) alright, As you can see, the cycle of 18 months is coming to a end. In my opinion, price could drop towards the $7000 region or maybe even lower. BUT, that doesn't meen that i'm a permabear. No, it IS a healthy correction. in the previous cycles, price also ALMOST...
I opened a short trade at the .786 fib retracement. TP's are at the fib extensions
Short orders added to my other short trade. The stoploss for this trade is a lot closer than the trade i entered earlier. This trade has a Risk-Reward ratio of 34! As long as the weekly didnt close 17.3k or at least 16.3k ( ), i'm mid-term bearish
This is a Test trade for testing my strategie. Entry is based on a 15 min breaker and OTE Targets are the fib extensions
I entered a short trade here @ this monthly level.
Btc might find resistance here because of the fibonacci level. Before price can reach ath, this zone MUST be broken strong!