The Direction of Bitcoin in Q3

Zaktualizowano
The point at which the Bitcoin upward trend breaks is 0.618 in GANN, which is about $7,500 to $7,800.

If there is any change in the line that Bitcoin passes, I will leave a comment below.
Uwaga
It stopped at 0.382 point on the GANN.

snapshot

However, it is worth looking forward to the yellow line as the point of the rebound corresponds to the Fibonacci ratio.

snapshot

If the white line breaks, it is likely to flow downward.
Zlecenie aktywne
If Bitcoin stays in the current section for longer, it is considered as Wyckoff Schematics - Distribution Area.

snapshot
Uwaga
snapshot

If 10,000 dollars are not broken, there is enough room to reach 12,000 dollars.
Uwaga
snapshot
Uwaga
If bitcoin does not exceed 11,800 dollars and falls to 11,400 dollars, the upward trend is considered to be broken.
Transakcja zamknięta: osiągnięto wyznaczony cel
It is also possible to reach 13000 if short-covering occurs beyond the next position.

snapshot
Uwaga
Bitcoin's sharp rise seems to have stopped as the $11,400 mentioned earlier was broken.

Bitcoin needs to recover 11600 dollars to continue its upward momentum,

caution to the panic sell if the $10,900 is broken.


snapshot
Uwaga
The new long position is dangerous at $11,800.
Uwaga
On the premise that it doesn't break $11,100, bitcoin seems to be able to do up to $13,000 by using short-covering.

snapshot
Uwaga
Bitcoin was resisted by the yellow line after a sharp rise.

If Bitcoin is not supported by the white line, it will fall to the next line below.

snapshot
Uwaga
The white line is near $11,900 in the preceding comment.
Uwaga
Since the Futures market forms a fairly neutral price range, I adjust to the variables for it.

snapshot
Uwaga
The Direction of Bitcoin in Q4
Bitcoin (Cryptocurrency)BTCUSDBTCUSDTChart PatternsGannTrend Analysis

Powiązane publikacje

Wyłączenie odpowiedzialności