Three factors indicative of the fall of BTC
Updated
Along with the "Rising Wedge" (1) and the level of 0.618 Fibonacci (2), five Elliott waves have come to an end and 3 waves are correcting (3).
All this indicates the beginning of a correction of the growth that began in early April.
Nearest support levels:
8500 $ - 0.382 Fibonacci
8146 $ - 0.5 Fibonacci
All this indicates the beginning of a correction of the growth that began in early April.
Nearest support levels:
8500 $ - 0.382 Fibonacci
8146 $ - 0.5 Fibonacci
Comment
The news came that Bitfinex printed 130 million Tether. There are no volumes of procurement yet - without panic. If suddenly they start buying up - the forecast can be canceled.Comment
on the 15-minute chart, five Elliott waves have come to an end, and 3 corrective waves begin, which together form a head and two shoulders, followed by a drop to 8500.
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