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Now the price is in a descending channel. This is a good sign for our idea today. As we can see, the price bounced off the This was the extremely came the fall but I already predicted it for you, isn't it? Let me show you what I have told you: clearly written about Monday fall. Our updated chart on Bitcoin.
Momentum looks positive. We might experience a small dip before a much bigger rise Looks like we have to wait for the current 3 hour candle to CLOSE in approximately 2 hours to see what the 23min. I drew my Fib Extension from the bottom wick of the dump on March 15th, start of the bull run, all the way to It seems like it is currently forming a bullish flag consolidation pattern.
Let's see if the price can pullback to test the level once more to complete the pattern. A next leg higher is expected after the consolidation phase is done! These are the questions that I am now getting very often If Bitcoin will retrace, how far can it go? The potential targets we look at are based on the timeframe we are reading Even though we have a very strong bearish candle today, with really high volume Hey guys.
If we hit the bottom or top of this symmetrical triangle, with volume backing it up. If we go up however. Especially because it Few things that indicate BTC is looking to make a trend down to critical support zones. December 12th marked when we had closed above 20EMA. After that we can see a huge bullish trend following. We can expect the reversal for that now. Elliott wave completion followed by correction wave. It is possible we are making Hi friends, hope you are well and welcome to the Bitcoin.
A big Butterfly move completed: Previously I posted an idea that on the monthly chart, the price action of Bitcoin is completing a bearish Butterfly pattern, and finally, the priceline has completed the final leg of this pattern and entered the potential reversal zone.
Now the priceline is even moved Featured Portfolios Van Meerten Portfolio. Market: Market:. Currencies Menu. Bitcoin Prices. Tue, Jan 5th, Help. Full Chart.
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