Drawing fib extensions from cycle lows to cycle highs reveals that, historically, the 0.786 weekly reclaim represents a massive buy opportunity.
The trade is not active until a *weekly close* above the 0.786 at $17,284.2 takes place.
GLHF 🤝
The trade is not active until a *weekly close* above the 0.786 at $17,284.2 takes place.
GLHF 🤝
Nota
For clarity, I will reiterate: The weekly candle closing above the 0.786 is key. There is no way I would try to front-run this setup. Some may see prices at this level as historically cheap, and they would be right; however, history also shows us that it could drop an additional 30-50% once the 0.768 is broken with a weekly closure to the downside.For me, waiting to buy on weekly confirmation is worth the extra cost per Satoshi.
Trade attivo
History suggests that this is the bottom. Invalidated upon a weekly closure back under the 0.786 pivot, which has never happened in previous instances.Good Luck. 🤝
Nota
Are ya winning, son?Nota
A sizable pullback may be in the cards soon™IMO: Any dips above the invalidation point are opportunities for buying. 📈
Nota
I believe the pullback is done and if bitcoin is to keep its uptrend intact, the bottom is here. If the current level is lost, I expect 18-21k before the price would reverse to the upside. The idea for the pullback reached its target and is posted below.I believe we are in a situation where optimism will pay in the end. Good Luck.

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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.