The Battle of BTC: Venue: $9,225 to $12,950
Keeping an eye on BTC. This is a limited scope fib retracement, supporting the trend-based extension. I will regularly plot these for 6 pairs over the next 12 months in order to complete an backward looking analysis.
Fib retracement (range 3/26/2017 to 12/17/2017) with a single Fib retracement plotted on trend from 3/26/2017 to 12/17/2017. With that exception, retracements plotted to determine any confluence range from 7/16/2017 to 12/17/2017. Always wick to wick; always ending on 12/17/2017 wick.
Dotted lines indicate confluence of two or more points identified with above-referenced Fib retracements.
Breaking 9k is obviously a point on the path up. If it's exceeded, any further advancement might be revealed with an eye on volume. I would expect a fight between $9,225 and $12,975. Regardless of the victor, I expect volume to contradict the volume profile reflected in the chart (i.e. volume will exceed the volume we have seen in this price range in the past).
My take: if $9,225, then 11k+, but not further than 12.95k . . . for now.
Comment, insights, critique are welcomed and appreciated.
ETHUSD and OMGETH
Fib retracement (range 3/26/2017 to 12/17/2017) with a single Fib retracement plotted on trend from 3/26/2017 to 12/17/2017. With that exception, retracements plotted to determine any confluence range from 7/16/2017 to 12/17/2017. Always wick to wick; always ending on 12/17/2017 wick.
Dotted lines indicate confluence of two or more points identified with above-referenced Fib retracements.
Breaking 9k is obviously a point on the path up. If it's exceeded, any further advancement might be revealed with an eye on volume. I would expect a fight between $9,225 and $12,975. Regardless of the victor, I expect volume to contradict the volume profile reflected in the chart (i.e. volume will exceed the volume we have seen in this price range in the past).
My take: if $9,225, then 11k+, but not further than 12.95k . . . for now.
Comment, insights, critique are welcomed and appreciated.
ETHUSD and OMGETH
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.