BitcoinLong
BTC Macro View
Just facts. No predictions, no hopes...
BTC has never ever ever retraced below previous cycle highs, in fact it ALWAYS bounced off of the 1.618 fib... That's FACTS...
We've bounced off of it 2 times this cycle and yes...why not 3 times.
PROBABILITY however says that that should be it.
Bouncing off of this 1.618 fib 3 times this cycle instead of only once could represent the "pain" of this cycle instead of a giant red candle down to it.
Therefor, why does everyone refuse to see current situation as a wave 4 "running correction" with a 5th wave still to come?
Only future will tell.
Happy trading !
BTC has never ever ever retraced below previous cycle highs, in fact it ALWAYS bounced off of the 1.618 fib... That's FACTS...
We've bounced off of it 2 times this cycle and yes...why not 3 times.
PROBABILITY however says that that should be it.
Bouncing off of this 1.618 fib 3 times this cycle instead of only once could represent the "pain" of this cycle instead of a giant red candle down to it.
Therefor, why does everyone refuse to see current situation as a wave 4 "running correction" with a 5th wave still to come?
Only future will tell.
Happy trading !
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