Quick / fresh bitcoin chart for potential end of month targets, plus secondary targets moving forward. Bitcoin may create a double top here, but it could also still be bullish. Let's plan for both.
Bull / Fail conditions:
- Need to stay above the lower orange line, or if we drop below it, we need to get and stay back above it.
- If tomorrow's daily closes within the channel, even better.
- Get back above the upper orange line to continue towards target, or bounce back and forth in the uptrend channel until we eventually break it.
Bear / Success condition:
- Fall below the lower orange line, fail to get back above it if there's any re-test.
Targets shown on the chart, corresponding with fib levels:
- Bull targets in green, dashed lines are 1/2 way points to solid line TPs 1 and 2
- Bear targets in red, dashed lines are 1/2 way points to solid line TPs 1 and 2
Overall outlook:
- bitcoin is still bullish unless we see a significant drop much lower than the last one, would need to get well below 29730 and fail to get back above it, for example. These are short -> mid-term targets.
Bull / Fail conditions:
- Need to stay above the lower orange line, or if we drop below it, we need to get and stay back above it.
- If tomorrow's daily closes within the channel, even better.
- Get back above the upper orange line to continue towards target, or bounce back and forth in the uptrend channel until we eventually break it.
Bear / Success condition:
- Fall below the lower orange line, fail to get back above it if there's any re-test.
Targets shown on the chart, corresponding with fib levels:
- Bull targets in green, dashed lines are 1/2 way points to solid line TPs 1 and 2
- Bear targets in red, dashed lines are 1/2 way points to solid line TPs 1 and 2
Overall outlook:
- bitcoin is still bullish unless we see a significant drop much lower than the last one, would need to get well below 29730 and fail to get back above it, for example. These are short -> mid-term targets.
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.