BTCUSD hit my sell target perfectly for the ABC correction I posted a few days back. Before this downturn/correction I made a post about a bearish butterfly harmonic pattern as well, that has panned out. The final target on the butterfly is the 1.618 fib shown, and if this is infact a downwards impulse wave, a common target for the vth wave is 100% of wave 1, this fib extension is shown as well.
Target: $8000 (psychological resistance) and $7800
*THIS IS NOT TRADING ADVICE*
Target: $8000 (psychological resistance) and $7800
*THIS IS NOT TRADING ADVICE*
Trade active
Almost there, if we break $8000 it should go fast.Trade closed: target reached
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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.