Don't be fooled by the recent price retracement. HISTORY REPEATS ITSELF.
This is a little messy, but it illustrates a BTCUSD FACT. Impulse waves along DOWNTRENDS ALWAYS drop to the 1.272 FIB Extension level.
See for yourself.
Also, mind the 50/200 "Death Cross"
This pump is only to REKT the high leverage shorts before plummeting to the next 1.272 FIB extension from the previous impulses.
Demand zone is always 1.272 FIB extension. = $6850 ish
This is a little messy, but it illustrates a BTCUSD FACT. Impulse waves along DOWNTRENDS ALWAYS drop to the 1.272 FIB Extension level.
See for yourself.
Also, mind the 50/200 "Death Cross"
This pump is only to REKT the high leverage shorts before plummeting to the next 1.272 FIB extension from the previous impulses.
Demand zone is always 1.272 FIB extension. = $6850 ish
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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.
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.