Hello, Skyrexians!
The anticipated move has happened,
BTCUSDT has retested the recent low and its dominance continues growing, alts are bleeding. When this nightmare will be finished and do we have any chance to see the reversal now?
Let's take a look at the daily time frame. As we pointed out earlier Bitcoin has printed wave 1 inside larger degree wave 3 and after that dropped in the wave 2. We have already told you 2 times that correction is over when price was next to $77-78, but multiple retests are not forbidden. 0.61 Fibonacci zone is the place where correction can be finished, so it can dump up to $73k. Two facts we need to rely on to find the correction bottom are: bullish divergent bar and the first green column on Awesome oscillator in conjunction with the divergence.
Best regards,
Skyrexio Team
___________________________________________________________
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The anticipated move has happened,
BTCUSDT has retested the recent low and its dominance continues growing, alts are bleeding. When this nightmare will be finished and do we have any chance to see the reversal now?Let's take a look at the daily time frame. As we pointed out earlier Bitcoin has printed wave 1 inside larger degree wave 3 and after that dropped in the wave 2. We have already told you 2 times that correction is over when price was next to $77-78, but multiple retests are not forbidden. 0.61 Fibonacci zone is the place where correction can be finished, so it can dump up to $73k. Two facts we need to rely on to find the correction bottom are: bullish divergent bar and the first green column on Awesome oscillator in conjunction with the divergence.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Claim up to 600 USDT in welcome rewards & compete for a share of 5,000 USDT in BitMart Futures Contest!
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➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
Related publications
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.