#BTC #rank- 1
BTC is currently in a very big correction, it took a pullback of around 53% present.
But,
if you look closely BTC completed its 12345 elliott wave pattern(marked in the chart ). And we all know once this pattern is completed the price takes a very strong pullback and that pullback is normally around 0.618 level of FIB retracement taken from the initial level of 12345 pattern to the peak of wave 5, and this 0.618 level acts as a support price retests it and bounces back.
This same thing can be seen in the BTC chart, price is currently flirting with the 0.618 level of FIB retracement taken from initial point to the peak. So, basically price will hold this level and bounce back upward .
I am still very Bullish about the market.
BTC is currently in a very big correction, it took a pullback of around 53% present.
But,
if you look closely BTC completed its 12345 elliott wave pattern(marked in the chart ). And we all know once this pattern is completed the price takes a very strong pullback and that pullback is normally around 0.618 level of FIB retracement taken from the initial level of 12345 pattern to the peak of wave 5, and this 0.618 level acts as a support price retests it and bounces back.
This same thing can be seen in the BTC chart, price is currently flirting with the 0.618 level of FIB retracement taken from initial point to the peak. So, basically price will hold this level and bounce back upward .
I am still very Bullish about the market.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。