BTCUSDIt looks like BTC is setting new highs again. We are approaching a 2.618 fib. extension level. If we go break above it and form a support, we could be VERY BULLISH. That would be nice, but for now i belive it is more likely that we will get rejected from that 2.618 level and retest much lower areas, then go for a final rally with the altcoins outperforming BTC.
I am not a financial advisor so don't buy anything that a say. Be well.
Note
Probably still to early for an update, but we can already see that, even though we did poke through 2.618 fib. ext. level but got rejected. that is not to say that we could try go up one more time. Will do one more update on that.
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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.