Total market cap broke down from an ascending triangle like it did in June 2021 with a failed retest. The measured move is the fib extension of the wave that broke out.
Personally I feel this time the market will not rebound after the dip and BTC will head to 30k again. We shall see.
Personally I feel this time the market will not rebound after the dip and BTC will head to 30k again. We shall see.
Note
First demand zone was hit. I think there will be a dead cat bounce here.Note
I think there will be another bounce a bit higher like the fractal. It is rare for price action to follow fractals so precisely.
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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.