Final leg to 50k
Bitcoin facing some resistance at 0.618 Fib retracement and point of control of the range in wave 4
For the moment bitcoin only retraced to the 0.236 Fib retracement
If resistance can hold, there is a chance to go back to 0.382 Fib retracement to end wave 4 and retest previous high at 50k
For the moment bitcoin only retraced to the 0.236 Fib retracement
If resistance can hold, there is a chance to go back to 0.382 Fib retracement to end wave 4 and retest previous high at 50k
Note
If 68,5 k holds as resistance, there is a still a chance bitcoin is in an three drives patternthe move up from the current bottom then counts as an abc in X
becasue of the symmetry in the pattern, the next low should be around the 1.0 Fib time extension at the beginning of september
downsidetarget is still around 0.382 Fib retracement
Note
Target reached, expecting a bounce or reversal from this level
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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.