Important levels to watch for Bitcoin
Scenario 1 (the dark blue dotted line):
Bitcoin is retracing to 8400 - 8500 and doing a triple bottom (lower green line, double bottom line.
From there we have enough fuel to retest the 0.618 fibonacci line at around 9500.
If this breaks to the to upside I expect bitcoin will reach the upper side of the pitchfork line at 10800.
From there I except it bounce back to 9800 and then back up to 11.200.
Scenario 2 (the light blue line)
(this is just my trading idea, and NOT a financial advise).
Good luck trading.
Bitcoin is retracing to 8400 - 8500 and doing a triple bottom (lower green line, double bottom line.
From there we have enough fuel to retest the 0.618 fibonacci line at around 9500.
If this breaks to the to upside I expect bitcoin will reach the upper side of the pitchfork line at 10800.
From there I except it bounce back to 9800 and then back up to 11.200.
Scenario 2 (the light blue line)
(this is just my trading idea, and NOT a financial advise).
Good luck trading.
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