BITCOIN - FINAL CHANCE TO BUY BITCOIN? | 61.8% FIB / EQUILIBRIUM
Analysis
Conclusion: All signs point to a final low being made and an explosive move up to finally break out of this consolidation period and push up through $40,000 and towards the next hurdle at $50,000.
- 61.8% local fibonacci retracement met, serving as a bounce region
- Equilibrium (symmetrical triangle) pattern forming post crash
- Multi-day, post-crash consolidation winding pattern to reset indicators and oscillators
- Stochastic at oversold levels and about to reverse
- Inverse head & shoulders pattern close to completion with the right shoulder formation almost complete
Conclusion: All signs point to a final low being made and an explosive move up to finally break out of this consolidation period and push up through $40,000 and towards the next hurdle at $50,000.
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