As you can see, I set my fibbonacci according to the log scale and this is my result. As stated before, the 0.786 fibbonacci level gets hit in each cycle before a major pullback. However, I believe the price will push beyond the 0.786 to the 350 moving average shown. I'm expecting a FOMO explosion during and after NYE until the ETF news is announced. Regardless if the ETF is approved or denied, I believe it will be a sell the news event. In the meantime, 57k is my current long target. If that target is not reached and we get a significant pull back below the 0.786, I will consider adding to my long position at or above the 0.618 Fibbonacci level. I hope this helps someone out there. Goodluck and God bless! And happy New Year!
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.