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Technical analysis by BitCapJNY about Symbol BTC on 11/22/2023

https://sahmeto.com/message/3351177
BitCapJNY
BitCapJNY
Rank: 10029
1.6
،Technical،BitCapJNY

[[SEE ATTACHED CHART IMAGE FROM 14JAN2023]]The "Potential Reversal Zone", or PRZ -is between the 50% fibonacci retracement level at $32.66Kandthe 66% retracement level at $41.51K.-----THE WHY---------[[ WHY THE 66%?]]((the primary tool in all of my technical anaylsis is the use of the "golden ratio" in forecasting 'pivots" as the 61.8% retracement level is the primary guide. The 50% and 66% fibonnaci retracement levels are simply the most favorable deviations from the 61.8% level that accurately reflect market volatility]] Synonyms of "Pivot" = "bounces", "bottom", "top", "reversals". ALL of these words essentially entail the same definition -that which the price at which the previous trend, either bullish, or bearish -changes.]] ____________________FORECAST: IF THE BEARISH 5-0 HARMONIC IS VALID: THENWe will see a price reversal, or PIVOT between the prices of $32.66K and $41.151K. THEREFORE -Price can go as high as $41.5K over the next 173 days (another +6% from current $36.472K)IF PRICE IS REJECTED AT, or BELOW $41.151K:Bearish Harmonic 5-0 pattern IS VALID with bearish price targets beginning at: 1) ** AGGGRESSIVE $19950K *OPEN CME GAP2) **** LIMIT BUY - $17.042K- - IF PRICE PUSHES BELOW $15.479K - -** 3) $12.292K [open CME gap at $11.1K]**** 4) $9.615K *OPEN CME GAP*** 5) $6.66K*** 6) $4.44K***** 7) $3.55K *OPEN CME GAPIF THE BEARISH 5-0 HARMONIC PATTERN IS NOT VALID: THENPrice may reach $58.19K -or HIGHER. THEREFORE - IFPRICE BREAKS ABOVE $41.151K IN THE NEXT 173 daysTHENWe will adjust positions to BULLISH and adjust our strategy accordingly. IFPRICE IS REJECTED AT, or BELOW $41.151K in the next 173 days THENWe will look for LIMIT ORDER FILLS at the 4 targets above. IT'S A SIMPLE. EFFECTIVE. STRATEGY. IT ONLY WORKS BECAUSE WE REMAIN RELATIVELY DYNAMIC -AND SO FAR, BITCOIN HAS OUTPERFORMED EVERY SINGLE INVESTIBLE ASSET SINCE 2010. _____________________ IT IS TIME TO START PLANNING FOR THE NEXT BULLISH WAVE. THAT MEANS SETTING YOUR ORDERS WHEN CONFIRMATIONS ARE MET -AND HAVING THE DISCIPLINE TO WAIT FOR THE NEXT FILL. **ALL SCRIPTS ARE MY OWN EXCEPT FOR THE RSI. IF YOU WOULD LIKE TO TRY THEM OUT, LET ME KNOW BELOW**BETTER VIEW3 DAY CHART3D + FIXED RANGE VOLUME VPBTCUSD 12DBULLISH IDEA: ((fits well on a linear chart too))LinearBTC 12Dtesting out some new scripts.POSSIBLE BULLISH SCENARIO:3D

Translated from: English
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Signal Type: Neutral
Time Frame:
12 روز
Price at Publish Time:
$36,547.11
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