BULLISH ABCD corrective wave pattern completion
Coming off an ugly corrective wave down BTC lost about 35% of its value from its unforgettable run over the past year. The 707 Fib reciprocal 1.414 may be close enough for the PCZ on the daily for Bitcoin. With a bounce off the 200 EMA along with reversal divergence on the oscillators and negative momentum reduction commencing for 1st time in a week it appears the draw down has finally concluded and the next wave and mark up in price may happen. targets are fibs .382-.618-.707- and 1.414 is at 75k psycho resist. retracements upon hitting the initial targets can then lead to the extensions being hit.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.