BitcoinLong
Bitcoin Continuation Targets
Chart price scale is Logarithmic.
Fib ranges are based on log scale.
The multi year inverse head and shoulders is supporting the 1.414 level at ~$128,000.
The calculation for this structure is displayed on the chart. Subtract the range below the neckline and add it to the neckline break price level.
The 7 month consolidation in the form of a bull flag is displaying potential for over performance to the 1.618 level at ~$175,000.
The previous cycle reached the 1.618 level.
In previous cycles, RSI levels reached 85+.
The current RSI value is at 78 which supports room for expansion.
The MACD is vertical and rapidly expanding.
With the current velocity, my targets to the upside are $129,000 and $175,000 in Q1-Q2 of 2025.
Fib ranges are based on log scale.
The multi year inverse head and shoulders is supporting the 1.414 level at ~$128,000.
The calculation for this structure is displayed on the chart. Subtract the range below the neckline and add it to the neckline break price level.
The 7 month consolidation in the form of a bull flag is displaying potential for over performance to the 1.618 level at ~$175,000.
The previous cycle reached the 1.618 level.
In previous cycles, RSI levels reached 85+.
The current RSI value is at 78 which supports room for expansion.
The MACD is vertical and rapidly expanding.
With the current velocity, my targets to the upside are $129,000 and $175,000 in Q1-Q2 of 2025.
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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.