BTCUSD Perpetual Contract

BITCOIN ABC RETRACEMENT

Updated

since we never took the highs of 32300, i would be expecting abc retracement here to around 16-20k level

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if we reclaim 28k as support, that would be bullish enough for new highs, otherwise i'm really looking to sell around that cme at 28k

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17th october fib time

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if you thought this Bitcoin pump was bullish, you might be very surprised

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a quick rise in price is often retraced just as quick

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consolidation above support is not bullish, the lows being tested over and over again should be broken

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just taking the lows would be good enough for some bounce

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