BitcoinLong
Short term top?
After getting a nice rip out of my previous accumulation zone chart. We are reaching another big fib on this Schiff fork.
A 50% retracement would be really nice here to dip in again (20,500). It also lines up with the 21 EMA on this weekly chart. Would be nice to chop sideways here for 4-5 months to let us accumulate some more.
Bigger legs up expected at the BLUE LINE time zone fib. Which would make since leading into BTC halving even, early 2024 and expected lower interest rates at that time from the FED.
A 50% retracement would be really nice here to dip in again (20,500). It also lines up with the 21 EMA on this weekly chart. Would be nice to chop sideways here for 4-5 months to let us accumulate some more.
Bigger legs up expected at the BLUE LINE time zone fib. Which would make since leading into BTC halving even, early 2024 and expected lower interest rates at that time from the FED.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.