In the last 4 years, Bitcoin has presented three main fast maximum levels followed by fast bearish movements.
There in the chart are 3 ABCD movements illustrating this idea, so that is why I am thinking the fourth is possible with a bearish target of 600 (above 0.618 Fib. retracement level for the last two years movement).
There in the chart are 3 ABCD movements illustrating this idea, so that is why I am thinking the fourth is possible with a bearish target of 600 (above 0.618 Fib. retracement level for the last two years movement).
Note
Trade closed: stop reached
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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.