Here I use the weekly chart along with Elliot Wave Analysis and Fib replacements to make a bold prediction.
I had a previous post and revised it because there is a strong possibility of a back test.
I believe the long term outlook is pretty good and this MAY be a good scale in opportunity.
NOTE: **This is not financial advice, this is my opinion - based on some theoretical tools - which could be INCORRECT.**
I had a previous post and revised it because there is a strong possibility of a back test.
I believe the long term outlook is pretty good and this MAY be a good scale in opportunity.
NOTE: **This is not financial advice, this is my opinion - based on some theoretical tools - which could be INCORRECT.**
Note
Correction: "We also pass the 0.5 (and 0.382)..."Last comment, if Bitcoin does bottom near previous lowl, buying there is probably a good idea since a strong bounce can occur due to the trend line acting as support, and the 0.236 level also acting as support. Double support.
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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.