Bitcoin/USD if it's impulse we'll break downtrend line from $19k
Current move seems to end this few days lasting correction of most probably wave nr 4, counting from 6k. With strong impetus we came back above long trend line (3k - 5.4k) which can be a possible resistance for currently forming wave 2 of today's impulse. Second attack on confirmation of ATH-down trend reversal is highly possible. If it happens then highs of consecutive waves (3 and 5) may reach higher fibo extension levels than presented - depends from the power of this move.
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We are group of mostly Polish traders but welcome everyone to join our Discord crypto&fx group: ChartInsiders.com
- discord.gg/dWaU2rS
My Twitter Account: twitter.com/Crypto_Investor
- discord.gg/dWaU2rS
My Twitter Account: twitter.com/Crypto_Investor
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.