stikytrading

BTC Should make it to $64,800 based on fib extension

Alış
BITSTAMP:BTCUSD   Bitcoin
The 23.6% Fib Retracement Level has not been activated because price did not close below the 23.6% level. So we have to use the Fib Extension tool which is what we look at when price has not retraced sufficiently for us to look for a zone for entry. We are looking at where price may settle or get exhausted in this current uptrend. Around 64,8000 (1.272%) is the current level where this may occur. I was able to draw the extension tool off the current candle which is red because it gives me a current high. If the candle was blue, price would still be going up so the level would be constantly changing and going up so I would be unable to draw the extension.

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.