Thick long blue Line 1.618 TP level
Thick RED long Line 2.618 fib level
But btc has (as you can see on small green horizontal lines) Already hit a (Perfect) Fib retrace level of .786 (Thicker line is perfect retracement from the highest point before the low) , the thinner green line is the later "high" shortly after it.
THUS ==> I think retracement is now in the make, for how much? I dont know, we can count on 0.5 to .618 move I think , before it continues bullish momentum.
OFCOURSE, its BRYPTO, its BITCOIN, it may also fall the hell back down again. Maybe to around the 76k level! But I THINK the first will play out!
So keep the other scenarios in mind as well.
I expect you can be calmly expecting a further bullish momentum, not taking news into consideration, but i think "A lot of bears have been SHOT on the way"! - Thus, having seen A LOT of BEARISH movements, It may be finally time to become BULLISH again, and CONTINUE!! :rocket:
Thick RED long Line 2.618 fib level
But btc has (as you can see on small green horizontal lines) Already hit a (Perfect) Fib retrace level of .786 (Thicker line is perfect retracement from the highest point before the low) , the thinner green line is the later "high" shortly after it.
THUS ==> I think retracement is now in the make, for how much? I dont know, we can count on 0.5 to .618 move I think , before it continues bullish momentum.
OFCOURSE, its BRYPTO, its BITCOIN, it may also fall the hell back down again. Maybe to around the 76k level! But I THINK the first will play out!
So keep the other scenarios in mind as well.
I expect you can be calmly expecting a further bullish momentum, not taking news into consideration, but i think "A lot of bears have been SHOT on the way"! - Thus, having seen A LOT of BEARISH movements, It may be finally time to become BULLISH again, and CONTINUE!! :rocket:
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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.