Possible targets for recovery rally
BTC is currently undergoing a healthy recovery rally, a historically popular target for such a bullish retracement is around the 0.382 fibonacci level (TP2 in the chart). I also see the possibility of a 2012 fractal playing out, meaning we could overshoot to the 0.5 fib level being followed by a rigorous correction of 50%. Such a quick happening might have to be fueled by some unusual news like a big exchange going down or regulatory happenings. In 2012 the retracement then was to around $16 from the $32 top long before.
An alternative scenario (not indicated in this chart) would be a rough target for this rally of 2x the recent bottom as this has also played out many times in Bitcoin's past; $3122 x 2 = 6244; meaning we would have just reached the top already. Spread your chances! Good luck.
An alternative scenario (not indicated in this chart) would be a rough target for this rally of 2x the recent bottom as this has also played out many times in Bitcoin's past; $3122 x 2 = 6244; meaning we would have just reached the top already. Spread your chances! Good luck.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.