BTC Bull Targets Based on Everything I Know!!!
I have here some targets based on everything I could find. Although, I only have the most significant support and resistance lines shown.
So, there is two triangles which I drew many of the price targets from. Ascending triangle in the blue and symmetrical in the yellow.
I have two fibonacci levels that I believe will be the most important. The 1.618 level and the 2.618 level.
Between the centerline and the .5 levels of the pitchfork is a very key area. We can see last time we did a lot of accumulation there before we really went up.
Takeaway:
You can see that all the price targets form small clusters. Those are areas you want to watch.
I altered the size of the targets based on what I think is the most probable. So, the bigger targets are what I think will most likely be hit.
Remember there are bearish scenarios too this is just looking at the bullish targets.
I also use a pitch fan, volume profile, and other TA if you want to see more like the idea and let me know in the comments what you want to see.
So, there is two triangles which I drew many of the price targets from. Ascending triangle in the blue and symmetrical in the yellow.
I have two fibonacci levels that I believe will be the most important. The 1.618 level and the 2.618 level.
Between the centerline and the .5 levels of the pitchfork is a very key area. We can see last time we did a lot of accumulation there before we really went up.
Takeaway:
You can see that all the price targets form small clusters. Those are areas you want to watch.
I altered the size of the targets based on what I think is the most probable. So, the bigger targets are what I think will most likely be hit.
Remember there are bearish scenarios too this is just looking at the bullish targets.
I also use a pitch fan, volume profile, and other TA if you want to see more like the idea and let me know in the comments what you want to see.