Reason for Bitcoin Bump from 23900 to 22000
AB=CD (Bullish Pattern for Price)
BC = 0.618 Retracement AB
D = 1.618 Extension BC
1.27 AB = CD (Time Projection)
When time Projection was on 100% , price only Retraced 38.2% AB and it shows weakness for buyers so AB=CD Price Pattern completed on 1.27 time projection.
BC = 0.618 Retracement AB
D = 1.618 Extension BC
1.27 AB = CD (Time Projection)
When time Projection was on 100% , price only Retraced 38.2% AB and it shows weakness for buyers so AB=CD Price Pattern completed on 1.27 time projection.
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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.