BTC bottom at 17,250 by September 2022?
Based on a number of areas of confluence, is it possible that BTC will bottom in September 2022 at around the 17,250 mark?
1) Hitting the Fib retracement at 0.786
2) Representing a 40% retracement from the most recent low (around the 0.618 Fib)
3) Continuation from the currently weekly/monthly downtrend corridor bottom
4) Below the prior ATH from the last bull market, so most likely would be a wick below with a close at 19.5k-20k
5) Below the 200w SMA which typically represents the bottom of the bear market
For me this is the absolute downside scenario and I would be a heavy buyer at anything below 20k, and would not expect a wick anywhere below 17.25k
1) Hitting the Fib retracement at 0.786
2) Representing a 40% retracement from the most recent low (around the 0.618 Fib)
3) Continuation from the currently weekly/monthly downtrend corridor bottom
4) Below the prior ATH from the last bull market, so most likely would be a wick below with a close at 19.5k-20k
5) Below the 200w SMA which typically represents the bottom of the bear market
For me this is the absolute downside scenario and I would be a heavy buyer at anything below 20k, and would not expect a wick anywhere below 17.25k
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.