Bitcoin will drop to the 1.272 FIB Extension line measured from the peak of last impulse wave to the bounce upward from the drop following the impulse. Just as my previous idea showed BTC would hit $6850 well in advance, bitcoin will again repeat the same movement and hit the $5,5000 level. 1.272 FIB is a key trend extension level that repeats itself over and over throughout bitcoin's history.
You will discover the importance of the 1.272 FIB line on extending a trend....
Standby for $5500 BTC...I'lll see you there!
You will discover the importance of the 1.272 FIB line on extending a trend....
Standby for $5500 BTC...I'lll see you there!
Note
Remaining in short position. Once this bounce is complete, the downtrend will continue to the 1.272 FIB line shown. $6600-$6700 supply dumps continue to occur and is our resistance. Not expecting any large bullish moves, outside of potential bounces upward along the trend line.
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.
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.