New Bullish target set for 57k/My trading plan
As you can see, I set my fibbonacci according to the log scale and this is my result.
As stated before, the 0.786 fibbonacci level gets hit in each cycle before a major pullback.
However, I believe the price will push beyond the 0.786 to the 350 moving average shown.
I'm expecting a FOMO explosion during and after NYE until the ETF news is announced.
Regardless if the ETF is approved or denied, I believe it will be a sell the news event.
In the meantime, 57k is my current long target.
If that target is not reached and we get a significant pull back below the 0.786, I will consider adding to my long position at or above the 0.618 Fibbonacci level.
I hope this helps someone out there. Goodluck and God bless! And happy New Year!
As stated before, the 0.786 fibbonacci level gets hit in each cycle before a major pullback.
However, I believe the price will push beyond the 0.786 to the 350 moving average shown.
I'm expecting a FOMO explosion during and after NYE until the ETF news is announced.
Regardless if the ETF is approved or denied, I believe it will be a sell the news event.
In the meantime, 57k is my current long target.
If that target is not reached and we get a significant pull back below the 0.786, I will consider adding to my long position at or above the 0.618 Fibbonacci level.
I hope this helps someone out there. Goodluck and God bless! And happy New Year!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.