Reasons why:
1. We got a very healthy correction between the 0.618 and 0.786 fib level.
2. Bitcoin has formed a nice wedge and is moving very close to the Apex.
3. Selling volume is declining.
4. Big bounces from support line with lots of volume.
5. MACD and RSI are oversold
6. Market Cycle is complete
1. We got a very healthy correction between the 0.618 and 0.786 fib level.
2. Bitcoin has formed a nice wedge and is moving very close to the Apex.
3. Selling volume is declining.
4. Big bounces from support line with lots of volume.
5. MACD and RSI are oversold
6. Market Cycle is complete
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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.
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.