Hello Everyone, Hope you all are doing great! This is my first analysis published on Trading View in a long- time and this is a very important one!
Why i think 70000$-73000$ is coming!
1) - Fib levels suggest that next golden pocket is at around 72000-74000$ levels
2) - Bullish pennant breakout measured target is also around 71000-72000$ levels
3) - Very strong S/R line acting since Oct'15 is about to get hit at around 70000-73000$ levels if price reaches there
All in all too much confluence at one level and bullish institutional buying can easily push the price to 70000$-73000$ price levels.
Hit lIKE to show appreciation to my work. Thanks!
Why i think 70000$-73000$ is coming!
1) - Fib levels suggest that next golden pocket is at around 72000-74000$ levels
2) - Bullish pennant breakout measured target is also around 71000-72000$ levels
3) - Very strong S/R line acting since Oct'15 is about to get hit at around 70000-73000$ levels if price reaches there
All in all too much confluence at one level and bullish institutional buying can easily push the price to 70000$-73000$ price levels.
Hit lIKE to show appreciation to my work. Thanks!