Bitcoin projected targets are 80k as per both of my theories:-
1st THEORY- FLAG & POLE - Widely used Flag Pole is basically plotted to guess further targets when an asset is at ATH . Bitcoin went into consolidation and formed a slant flag after a huge rally, here the rally is considered as a pole. So we just draw a trendline from the bottom to the top of the rally till the current consolidation phase and paste the same pole ahead of the flag. Our projected target is 80k here. This is a very simple theory.
Second one is Fibonacci Extension . We plotted this from 28k to 53 where it retraced and we usually consider 0.618 as our targets which is again 80k
Now that's huge and looks quite accurate.
COMMENT your views
HODL !
1st THEORY- FLAG & POLE - Widely used Flag Pole is basically plotted to guess further targets when an asset is at ATH . Bitcoin went into consolidation and formed a slant flag after a huge rally, here the rally is considered as a pole. So we just draw a trendline from the bottom to the top of the rally till the current consolidation phase and paste the same pole ahead of the flag. Our projected target is 80k here. This is a very simple theory.
Second one is Fibonacci Extension . We plotted this from 28k to 53 where it retraced and we usually consider 0.618 as our targets which is again 80k
Now that's huge and looks quite accurate.
COMMENT your views
HODL !
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.