BTC 14th March Retrace
BTC as predicted (x.com/joedm/sta...863323543142713?s=20) started it's retrace on the 14th of march.
This I believe is the dump before the halving.
Originally my thinking was that BTC would hit around 88k however by 14th price had only reached 73k. I still think the retrace will be around 20% which will take price down to 59-62k area.
See chart for confluence with fibs - 0.5 and 0.618.
Don't take this as gospel as you need to evaluate how price reacts at each level.
Coming back to 58-59k would also be a test of the channel that BTC broke out of.
This I believe is the dump before the halving.
Originally my thinking was that BTC would hit around 88k however by 14th price had only reached 73k. I still think the retrace will be around 20% which will take price down to 59-62k area.
See chart for confluence with fibs - 0.5 and 0.618.
Don't take this as gospel as you need to evaluate how price reacts at each level.
Coming back to 58-59k would also be a test of the channel that BTC broke out of.
Telegram: t.me/theNinjasDojo
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.