
alxgmn
@t_alxgmn
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alxgmn

Based on Technical Indicators: MACD, RSI. And Trend Analysis: Fib Extension and Fib Retracement

alxgmn

I expect a extension in the long term to 52 K, but the market seems too extended for now. For that extension to be accomplished, the market needs no retrace first (this is validated by MACD and RSI oscillators, and Fibonacci Retracement and Extension). I expect a retracement at 32.5 K; i consider it a good value to enter in this long...

alxgmn

We can expect a retracement according to Fib Extension and Fib Retracement analysis. This is confirmed by MACD and RSI Oscillators

alxgmn

We can se now that Bitcoin failed to recover from the accumulation zone it was before, and the market decided to continue dropping to lower levels. In my humble opinion i think that Bitcoin will continue its fall to the closest higher demand zone pointed out in the orange rectangle in the bottom. This is also confirmed by the Moving Average indicators and the MACD indicator (as in the daily temporality points out a death cross). Always trade with an optimum risk management strategy, see you later Tradingview community, have a good day...
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.