As i analysed the bitcoin for a moderately long term strategy.
Seeing the Fibonacci retracements , it shows a correction ahead till 4600.
ALso the resistance levels coincide to give the support level at 5100.
Seeing both of these i think it will go somewhere till 4800-4900, and then shoot up again. So that would be the best possible point for buying for a term of 1 year or two.
(Also the MA indicators indicate a reversal signal along with the CMF.)
Also wait till it retraces back from these level , because all this strategy fails if it looses below 4600, which would lead to a steep fall. so let it fall till these points and look out for tren reverse signals.
Seeing the Fibonacci retracements , it shows a correction ahead till 4600.
ALso the resistance levels coincide to give the support level at 5100.
Seeing both of these i think it will go somewhere till 4800-4900, and then shoot up again. So that would be the best possible point for buying for a term of 1 year or two.
(Also the MA indicators indicate a reversal signal along with the CMF.)
Also wait till it retraces back from these level , because all this strategy fails if it looses below 4600, which would lead to a steep fall. so let it fall till these points and look out for tren reverse signals.
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The different Colors in the fibonacci show different levels for fibonacci retracements.Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.