BTC most important levels and zones to watch for (bottom)
the indicated zones/levels are the most important to watch for imo .
no one could know where the bottom would be unless he has the time travel machine .
BTC bottom could jump from a level/zone to another according the the fed hawkishness and other macro events , this is why , predicting the bottom would be impossible .
the blue channel acts very well for almost a year . the intersection between the channel and the levels/zones given could be accurate .
imo the bottom would be 12k-9.2k (third and forth zone ) .because , its a strong zone of a high confluence (vpvr level , fib levels ,ichimoku monthly resistance level) and fundamentally this range (12k-9.2k) is under the production cost of BTC which is now around 13k , and the production cost of bitcoin acts very accurate to determine the btc bottom in the previous bear markets . besides , 12K is HOSODA N WAVE target that has a great chance to be hit and make an end to this bear market .
chart key :
grey zones : fib levels (at least 3 levels very close to each other)
grey zone with text inside : volume gap when prices could drop very fast
red lines ; strong supports
orange lines : HOSODA targets , that acts as a support or an end of the down waves
not a financial advice
thank you
no one could know where the bottom would be unless he has the time travel machine .
BTC bottom could jump from a level/zone to another according the the fed hawkishness and other macro events , this is why , predicting the bottom would be impossible .
the blue channel acts very well for almost a year . the intersection between the channel and the levels/zones given could be accurate .
imo the bottom would be 12k-9.2k (third and forth zone ) .because , its a strong zone of a high confluence (vpvr level , fib levels ,ichimoku monthly resistance level) and fundamentally this range (12k-9.2k) is under the production cost of BTC which is now around 13k , and the production cost of bitcoin acts very accurate to determine the btc bottom in the previous bear markets . besides , 12K is HOSODA N WAVE target that has a great chance to be hit and make an end to this bear market .
chart key :
grey zones : fib levels (at least 3 levels very close to each other)
grey zone with text inside : volume gap when prices could drop very fast
red lines ; strong supports
orange lines : HOSODA targets , that acts as a support or an end of the down waves
not a financial advice
thank you
Nota
second level almost hit , i think its because of the dxy fall , other wise , it should have been hit imo , waiting for the next level .Nota
i will be sharing ideas from my new account : tradingview.com/u/Benterkiayoucef/
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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.