MR-V2020

One of the strongest moving possibilities of Bitcoin

MR-V2020 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
This is not investment advice.
It only shows the strongest possible movement of Bitcoin for the higher time frame
Comment:
If the price starts a quick pump from this moment, the target will be $82,612 (this means the minimum price for an upward trend above $82,000)
Comment:
1/13-0/886 rule
Trade closed: target reached:
The target was touched
According to the law of motion (0.886-1.13), the initial target was touched. But this is just the beginning of the story.
Comment:
Let me restate one of the 16 rules of Bitcoin movement
Law 0/886-1/13
When Bitcoin reaches the level of 1/13, it should return at least to the level of 0.5-0.618 (in Fibonacci retracement of the retracement wave). If the wave corrects further and reaches the level of 0.886, then the trend is reversed and a new trend begins. Otherwise, the trend will continue
Note that this rule is violated only when it intersects with the rule (0.886-0.886), in which case the rule (0.886-0.886) takes precedence.
Comment:
The analytical model of time and price equilibrium includes 3 parts:
1- Drawing Fibonacci diagonal resistances
2- draw Fibonacci retracement (expansion) of the last main moving wave
3- 16 laws of Bitcoin movements
Comment:
Comment:
Possible targets of Ethereum

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.