#BITCOIN - We Need Some Correction!
It is foolish to deny that the market is extremely overheated and needs at least some correction before going higher.
At the moment we need to complete the final fifth upward wave of 1-5 formation. Expect Bitcoin to reach $68000 zone before going downwards.
The first stop of the correction will be at $56000 level (0.236 Fibo), then we will go to $42000 support (0.786 Fibo) from where the price return with the high probability.
However, we can go even lower to $28000 (but chances of this case are quite low). The green market can't last forever and the correction is a MUST factor for a healthy growth.
At the moment we need to complete the final fifth upward wave of 1-5 formation. Expect Bitcoin to reach $68000 zone before going downwards.
The first stop of the correction will be at $56000 level (0.236 Fibo), then we will go to $42000 support (0.786 Fibo) from where the price return with the high probability.
However, we can go even lower to $28000 (but chances of this case are quite low). The green market can't last forever and the correction is a MUST factor for a healthy growth.
Work in the team of Crypto Klondike.
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Join Bybit with us:
goo-gl.su/ibF9Y
Twitter:
twitter.com/Robert_Klondike
Email:
ekstraruto@gmail.com
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Join Bybit with us:
goo-gl.su/ibF9Y
Twitter:
twitter.com/Robert_Klondike
Email:
ekstraruto@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.