BTC has reached a high probability zone for reversal and continuation downwards , if this ends up being the more bearish count I presented in my last idea .. We have nearly achieved the .5 Fib retracement of the proposed Wave 3 , as well as reaching a 1.618 extension of the proposed wave A .. Along with this , BTC failed to break and hold above the large downtrend line I have had .. Worth keeping a close eye on ..
Note
Bearish out look , from previous post .. Fib was adjusted in this update , however , it hit right off that .382 fib as projected ..
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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.