We're back at that key long term .5 fib retracement off the entire market range. We also have the .764 retrace (17th - 20th) and the 100% extension off the H&S break.
Will this level hold & see a retest of key resistance at ~$13000 or will it fall and see a retest of previous lows/trend line
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Good initial bounce off support. See if it pushes through to test the trend line
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Good follow through
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Coming into a zone of res
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Narrowing into wedge
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Similar scenario to previous tentative break of this trendline
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If we are starting 3rd wave up (blue count) see if this count of the 3rd wave (black) holds up. 3rd wave starting looking at 161.8% extension of 1st wave as initial minimum target
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Another fail at neckline area and fall below the wedge
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Another one?
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Cleaner on coinbase chart, at intersection of 2 trends
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Chart getting messy, but low exactly on the uptrend off 17th - 23rd low
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Range narrowing
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Coming to test this .5 retrace & .382 fib channel that has capped advances
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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.