One Scenario for Bitcoin.
Using the pins bar tool and some very intense analysis of the market history. I've come up with a possible scenario to play out.
Targeting the 60k area for the market to reverse. I must say I have never in all my trading accurately predicted a top in the market so the probability of this playing out is very slim.
Try as I might this is a great way to document analysis and look over what works and whats failed.
For myself, i took profits at 26K expecting a markup phase to begin which never happened TUT TUT !! .
I made x 5 profit.
I'm in need of a bearish cycle to begin. I shall weigh weeks months or years if needs be the cycles when finished has not failed to retrace 76.4% .
cycle [1] $31 -$1.93
cycle [2] $268 -$47
cycle [4] $1092 -$162
cycle [6] $19,860 -$3190
cycle [7] $13,800-$3800.
Targeting the 60k area for the market to reverse. I must say I have never in all my trading accurately predicted a top in the market so the probability of this playing out is very slim.
Try as I might this is a great way to document analysis and look over what works and whats failed.
For myself, i took profits at 26K expecting a markup phase to begin which never happened TUT TUT !! .
I made x 5 profit.
I'm in need of a bearish cycle to begin. I shall weigh weeks months or years if needs be the cycles when finished has not failed to retrace 76.4% .
cycle [1] $31 -$1.93
cycle [2] $268 -$47
cycle [4] $1092 -$162
cycle [6] $19,860 -$3190
cycle [7] $13,800-$3800.
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.