The bullish and the bearish scenario on Bitcoin


Today I am going over both the bullish and the bearish scenario that I have planned out for Bitcoin. so it’s all about being prepared for the worst if it does happen right, so if we do break the 0.618 so around that $6800 USD area then I will flip my bias from Bullish to Bearish, however for now I am still bullish.

My analysis is based on Fibonacci extensions, Fibonacci retracements, Elliott Wave Theory, Ichimoku Cloud and Algo targets.

The website I use for the charts is Tradingview

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I have a playlist of Trading Videos for people new to trading and that want to learn with me, We will use Elliott Wave Theory in order to plan out my trades and execute them accordingly. On top of that we will make use of the Fibonacci tool and the Ichimoku Cloud.
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