Bitcoin triangle
Bitcoin pumped yesterday and now we are waiting for a pullback to the 0.618 fib ratio from the initial pump from 3150.
We caught that move and made some profits on it. We are looking for a pullback. If that won't come, then we are going to the 4k range and parabolic move is confirmed. If that happens, triangle breaks to the upside and target is between 4.2k and 5k.
I personally don't belive we are going to reverse trend from here but it can be a good buying opportunity.
We caught that move and made some profits on it. We are looking for a pullback. If that won't come, then we are going to the 4k range and parabolic move is confirmed. If that happens, triangle breaks to the upside and target is between 4.2k and 5k.
I personally don't belive we are going to reverse trend from here but it can be a good buying opportunity.
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