Bitcoin - Continue to correct the price increase to $ 10,000
Bitcoin - Continue to correct the price increase to $ 10,000
Hello
We meet again in the short-term Bitcoin trend analysis
As in previous articles, you can see the analytical goal of our TradePlus team with the goal of this correction of Bitcoin estimated at $ 8000
However, during the correction of Bitcoin, we realized that this trend could last longer than the actual 2 Fibonacci levels and the price target of $ 10,000 at the beginning of this month.
Our specific analysis is as follows:
1. This corrective area can reach Fr 61% of the main downtrend
2. Compared to the growth trend in H1 in correction area A to B, zone C can reach 100 - 161.8%, but the item 161.8% is longer than the main wave so we take 141.4%
3. The wave area can reach 161% wave 1 is the wave 3 area with the target of $ 9000
4. The wave 5 of the last C uptrend is about 100% at $ 10,000
Therefore, we conclude that this area of the wave could reach the fibonacci retracement of 141% at nearly 10100 $.
We recommend placing the TP at 100% FB (8800) and 127% ($ 9650) and towards $ 10050 Target in early May.
THE MAIN TREND IN THE H4 FRAME IS STILL BEING A downtrend, AND WE ARE STILL GOING TO BUY BITCOIN BACK WHEN BITCOIN TAKES THE GOAL PRICE $ 3400!
Currently, the price is at $ 7500 will tend to correct slightly before increasing further, estimated at 7000 - $ 7100
If the current price breaks, this option will fail and return to the previous peak 8000 prediction message.
Always set stop loss and set appropriate profit targets, keeping your account. Wish you a successful trading!
Team Tradeplus
Hello
We meet again in the short-term Bitcoin trend analysis
As in previous articles, you can see the analytical goal of our TradePlus team with the goal of this correction of Bitcoin estimated at $ 8000
However, during the correction of Bitcoin, we realized that this trend could last longer than the actual 2 Fibonacci levels and the price target of $ 10,000 at the beginning of this month.
Our specific analysis is as follows:
1. This corrective area can reach Fr 61% of the main downtrend
2. Compared to the growth trend in H1 in correction area A to B, zone C can reach 100 - 161.8%, but the item 161.8% is longer than the main wave so we take 141.4%
3. The wave area can reach 161% wave 1 is the wave 3 area with the target of $ 9000
4. The wave 5 of the last C uptrend is about 100% at $ 10,000
Therefore, we conclude that this area of the wave could reach the fibonacci retracement of 141% at nearly 10100 $.
We recommend placing the TP at 100% FB (8800) and 127% ($ 9650) and towards $ 10050 Target in early May.
THE MAIN TREND IN THE H4 FRAME IS STILL BEING A downtrend, AND WE ARE STILL GOING TO BUY BITCOIN BACK WHEN BITCOIN TAKES THE GOAL PRICE $ 3400!
Currently, the price is at $ 7500 will tend to correct slightly before increasing further, estimated at 7000 - $ 7100
If the current price breaks, this option will fail and return to the previous peak 8000 prediction message.
Always set stop loss and set appropriate profit targets, keeping your account. Wish you a successful trading!
Team Tradeplus
