BTC at a crucial point 4k or 12k ??

26 set 2019

It has hit the long term 0.618 and the ribbons tend to have switched downwards which is a negative indication.

If it bounces, it may go to 12K range but if it falls below further, chances are 4000 range is a possibility.

I would wait and see from the sidelines.

PS: this analysis is based on weekly timeframe. No financial advice as I am not a financial advisor.

29 mar 2020

Trade chiuso: obiettivo raggiunto

Dropped to 4k range. new chart published today

6 apr 2020

Trade attivo

Last few days, BTC has been slow but moving up. I see it may have no problems getting to $7806 levels (0.618 Fib level) if it crosses $7357 levels.
Next target should be 0.5 Fib levels, the strong resistance level of $10123.

Fingers crossed.