Extended 5th in Bitcoin?
If it's assumed that Bitcoin is going to back test some prior highs from here, then it's of note that the halfway back is close to the end of intermediate 3, which seems a fair candidate for such a test. Of course it's by no means a done deal that minute degree 5 is complete, but if it were, this might be a count in play, implying an extended intermediate 5th. All speculative at this stage, of course.
And not to forget the prior support around the 64k mark - that's also close to the 61.8%, so another level that could be tested.
And not to forget the prior support around the 64k mark - that's also close to the 61.8%, so another level that could be tested.
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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.