Hi everyone here is a possible path for Bitcoin BTCUSDT.
It is possible that W1 may be over but I can be wrong. A retracement to at .5 fib around 8596$ or 7360$ (where MA 650 stand right now) is very possible. But if we are in a W2 it is possible that we retrace much more.. even 4.9k is possible. We if retrace around 8.6k I would consider W3 minimum reach to be the 261.8% fib around 36.5k or 361.8% fib at 47.2k. Best to you !
It is possible that W1 may be over but I can be wrong. A retracement to at .5 fib around 8596$ or 7360$ (where MA 650 stand right now) is very possible. But if we are in a W2 it is possible that we retrace much more.. even 4.9k is possible. We if retrace around 8.6k I would consider W3 minimum reach to be the 261.8% fib around 36.5k or 361.8% fib at 47.2k. Best to you !
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0,236 seems to hold for now... Let's see how this is playing out ! We must keep in mind we already retraced to the 0.382 fib. 4 hours chart MA 150 is around 11180$ at the moment.
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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.