Time for a new update :
Hello, traders. I'd like to provide an update on Bitcoin's Fibonacci pivot points for various periods, including 1 year, 3 years, and 10 years.
Fibonacci pivot points are a popular tool used in technical analysis to identify potential support and resistance levels. These levels are calculated based on Fibonacci ratios and are commonly used by traders to identify entry and exit points for trades.
For this analysis, I've calculated the Fibonacci pivot points for Bitcoin using three different periods: 1 year, 3 years, and 10 years. By analyzing these different time frames, we can get a better understanding of Bitcoin's long-term trend and potential price targets.
Based on my analysis, Bitcoin's Fibonacci pivot points for the 3-year period suggest that the current resistance levels are around 30 ,000
Of course, these levels should be used in conjunction with other forms of analysis, such as trend analysis and price action, to make trading decisions. It's also important to note that past performance is not necessarily indicative of future results, so traders should exercise caution when using Fibonacci pivot points or any other technical indicator.
I hope this analysis provides some useful insights for Bitcoin traders. As always, I welcome your comments and feedback on this idea.
Hello, traders. I'd like to provide an update on Bitcoin's Fibonacci pivot points for various periods, including 1 year, 3 years, and 10 years.
Fibonacci pivot points are a popular tool used in technical analysis to identify potential support and resistance levels. These levels are calculated based on Fibonacci ratios and are commonly used by traders to identify entry and exit points for trades.
For this analysis, I've calculated the Fibonacci pivot points for Bitcoin using three different periods: 1 year, 3 years, and 10 years. By analyzing these different time frames, we can get a better understanding of Bitcoin's long-term trend and potential price targets.
Based on my analysis, Bitcoin's Fibonacci pivot points for the 3-year period suggest that the current resistance levels are around 30 ,000
Of course, these levels should be used in conjunction with other forms of analysis, such as trend analysis and price action, to make trading decisions. It's also important to note that past performance is not necessarily indicative of future results, so traders should exercise caution when using Fibonacci pivot points or any other technical indicator.
I hope this analysis provides some useful insights for Bitcoin traders. As always, I welcome your comments and feedback on this idea.
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