Traders, BitCoin (BTCUSD) had an amazing gravity defying rally in last few weeks/months. This is true sense has been a parabolic move. However there are now growing chances of a correction.
On monthly time frame a W pattern is about to complete between 16280 and 17000. This is a high probability Sell Fibonacci Confluence Zone with multiple fibonacci levels from multiple time frames coming together. This is where I will be looking to take profits on long and plan for a short.
If it starts to fall from this zone the next approximate zones for the correction to reach will be around these levels. If one zone is broken then the next will have high probability of reaching. These zone can also act as new levels to take profits on short positions and go long again based on your confirmation techniques.
Target Zone 1: 13500
Target Zone 2: 11500
Target Zone 3: 8300
Target Zone 4: 6000
Stay safe and trade well
-Vik
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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On monthly time frame a W pattern is about to complete between 16280 and 17000. This is a high probability Sell Fibonacci Confluence Zone with multiple fibonacci levels from multiple time frames coming together. This is where I will be looking to take profits on long and plan for a short.
If it starts to fall from this zone the next approximate zones for the correction to reach will be around these levels. If one zone is broken then the next will have high probability of reaching. These zone can also act as new levels to take profits on short positions and go long again based on your confirmation techniques.
Target Zone 1: 13500
Target Zone 2: 11500
Target Zone 3: 8300
Target Zone 4: 6000
Stay safe and trade well
-Vik
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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노트
inner zone: 노트
Looking good so far. It is falling from the FCP zone. The trade is already in profit and de-risked.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🔵 Free Telegram Channel: t.me/VikinsaFx
🔴 Training: bit.ly/vikinsacorestrategyprogram
🟣 YouTube : youtube.com/vikinsa
🟡 Twitter: twitter.com/vikinsa
🔴 Reviews: bit.ly/VikinsaTrustPilotViews
🔴 Training: bit.ly/vikinsacorestrategyprogram
🟣 YouTube : youtube.com/vikinsa
🟡 Twitter: twitter.com/vikinsa
🔴 Reviews: bit.ly/VikinsaTrustPilotViews
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.