Hello, Skyrexians!
Yesterday we pointed out that 0.5 Fibonacci has been reached at $80k and this dump will not continue. Today we have a great bounce above $85 and the great chart to be sure that our previous scenario is right.
Let's take a look at the daily time frame. As usual we have the 5 Elliott wave cycle which has been started at
49K and finished at $110k. Then the current correction has been started. Yesterday this ABC zigzag has reached the 0.5 Fibonacci retracement and bounced back. The great thing is the green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] inside the target zone. This gives us 90% probability that price has found the bottom and ready for the next huge wave to the upside.
Best regards,
Skyrexio Team
___________________________________________________________
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Yesterday we pointed out that 0.5 Fibonacci has been reached at $80k and this dump will not continue. Today we have a great bounce above $85 and the great chart to be sure that our previous scenario is right.
Let's take a look at the daily time frame. As usual we have the 5 Elliott wave cycle which has been started at
49K and finished at $110k. Then the current correction has been started. Yesterday this ABC zigzag has reached the 0.5 Fibonacci retracement and bounced back. The great thing is the green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] inside the target zone. This gives us 90% probability that price has found the bottom and ready for the next huge wave to the upside.Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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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.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Related publications
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.