The two possibilities that exist before the halving process are:
Bitcoin enters the Fibonacci section 1-2, in which case the movement of Bitcoin will correct to the price of 54600-53200 and continue an accelerated movement towards a new price record. In the second case, the price will playing in the specified area.It means to play in section 1-1 and after some time make an accelerated move towards section 1-2. In both cases, price correction seems inevitable.
Bitcoin enters the Fibonacci section 1-2, in which case the movement of Bitcoin will correct to the price of 54600-53200 and continue an accelerated movement towards a new price record. In the second case, the price will playing in the specified area.It means to play in section 1-1 and after some time make an accelerated move towards section 1-2. In both cases, price correction seems inevitable.
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In this analytical chart, Target 4, which we are in now, was included by adding the effect of Bitcoin ETF, which shows that its effect on the price growth was very surprising.Note
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The beauty of bitcoin movements
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For trading in a lower time frame, we have been told to start your analysis in a higher time frame so that the direction of movement is determined. In the crypto market, the opposite of this sentence is more correct!!Note
alarm:high volatilitysatay away from market if u r not enough pro
down - up - down
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warning was issued due to these volatilityNote
Fibonacci sequence and its relation to Bitcoin movements in a simplified view
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new ATH is coming77313$
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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.