Bitcoin due for Pullback before the next Wave
Updated
IF #Bitcoin finds resistance at 44-45k level that may be the end of this wave.
So the correction should end near the 0.5 Fib level at ~41k.
That coincides with the support from the 200 Smooth Moving Average.
So the correction should end near the 0.5 Fib level at ~41k.
That coincides with the support from the 200 Smooth Moving Average.
Trade closed: target reached
The Price corrected touching the 0.5 and 0.382 Fib. levels.Now the question is will it find strong support there or it will continue the downtrend.
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