Technical analysis by TradingShot about Symbol BTC: Buy recommendation (7 hour ago)

Bitcoin (BTCUSD) closed last week on strong bullish fashion as it completed a formidable green 1W candle following a technical bounce on its 1D MA50 (red trend-line). This is a strong bullish signal as every time the (orange) Fibonacci Channel rebounded on its 1D MA50 after a 1W MA50 (blue trend-line) bounce, BTC extended the uptrend towards a new technical Higher High. Based on the 1W LMACD, we could be roughly half-way (blue circle) through such a Bullish Leg. As you can see, those Bullish Legs have typically made rounded Tops (red Arcs), with the last two both breaking above the Fib Channel's 0.236 level. At the same time, on the horizontal Fib level, the sequence has applied significant importance to every .618 and .0 interval, with peaks on the 0.618, 1.0, 1.618, 2.0, 2.618. Now what's left realistically before the end of the Cycle at the end of the year are 3.0 and 3.618. As a result, a rather modest potential Top projection is $160000, which is even conveniently placed just below the 0.236 Channel Fib from late October onwards. Do you think that could be a potential Cycle Top candidate? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇