💲Post is a direct continuation of my previous post about bitcoin
💲After defending the support zone at 16.6k levels.
💲It's time to accumulate at 16.7k levels.
💲Measuring the recent downward correction of the uptrend. The most likely scenario seems to be a continuation of the uptrend at least up to the 16.8k levels.
💲Where the resistance level of 1.618 of the last downtrend correction is located. And the 0.618 level of the last big wave of declines.
💲*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
💲The scenario I am playing out is a continuation of bitcoin's increases to resistance levels
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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.