BTC has completed 5 waves up and is therefore, retracing and correcting.
I believe there are two likely scenarios for BTC: A retracement to $9k (0.5 fib level). Or more likely, a retracement to $8.2k where strong support is found, as well as the retracement hitting 0.618, 'the golden zone'.
However, as traders we must be prepared for any possible scenario, so be prepared.
Good luck in the market.
I believe there are two likely scenarios for BTC: A retracement to $9k (0.5 fib level). Or more likely, a retracement to $8.2k where strong support is found, as well as the retracement hitting 0.618, 'the golden zone'.
However, as traders we must be prepared for any possible scenario, so be prepared.
Good luck in the market.
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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.