Here is an update to our LTF Retracement Targets:
We made this post almost 3 months ago and were predicting that BTC would drop from the 1.618 ($120.4k) to either our support level #2 or our final support level for the bull trend to remain intact.
What's interesting is our "Teal trendline" that we mention as support #2 lead to the price we were predicting as our "final support level".
Since both of those support levels aligned, our recent low was established at our teal trendline and created a low at $108.6k which was right in line with that being the range for a higher low to be created before a continuation rally.
In this post, I have extended the trendline and extension levels so we can see how future price action develops with these levels.
We made this post almost 3 months ago and were predicting that BTC would drop from the 1.618 ($120.4k) to either our support level #2 or our final support level for the bull trend to remain intact.
What's interesting is our "Teal trendline" that we mention as support #2 lead to the price we were predicting as our "final support level".
Since both of those support levels aligned, our recent low was established at our teal trendline and created a low at $108.6k which was right in line with that being the range for a higher low to be created before a continuation rally.
In this post, I have extended the trendline and extension levels so we can see how future price action develops with these levels.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.