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Technical analysis by Chefrusty about Symbol BTC: Buy recommendation (2/5/2025)

https://sahmeto.com/message/3228261
Chefrusty
Chefrusty
Rank: 30959
0.8
Buy،Technical،Chefrusty

The large white fib is from last cycle top to bottom extending up and BTC hit the 1.786. That is an unusual stopping point, bouncing between that and the 1.414. Yellow fib is from the beginning of this last run up, and the biggest thing I learned is that at some point in the future, the Fair Market Zone will fill out. Maybe now?? or as the bull run ends, but that area only had buys and no real back testing, that's an area to watch closely, would mean a test of the 78.6 fib in ye;;ow 75K? Crazy but possible.I personally don't see it, and the Bull run is not over, I could be wrong, but need to have points of interest.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Profit Target:
$133,189
Stop Loss Price
$87,653
First Support:
$76,712
First Resistance:
$111,197
Price at Publish Time:
$97,887.19
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