We are facing the the third big move of Bitcoin - 7k is the 161,8% extension of the 2nd big move - But may retrace let's follow these levels
1st spike
- retracement @ 50 % fib
- extension above 161.8%
2nd spike
-retracement @ 50% fib
-extension @ 123,6% fib but may go @ 161.8% -6923
3rd spike is not confirmed yet but may
- retrace @ 78,6% fib 5228 or 61,8% fib 4746 or 50% fib 4407
1st spike
- retracement @ 50 % fib
- extension above 161.8%
2nd spike
-retracement @ 50% fib
-extension @ 123,6% fib but may go @ 161.8% -6923
3rd spike is not confirmed yet but may
- retrace @ 78,6% fib 5228 or 61,8% fib 4746 or 50% fib 4407
Note
78,6% fib 5228 hit - nice tail
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Related publications
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.