Fib, trend line, price level and due for 4th wave BTCUSD - 4H
As I circled in yellow, it popups up to me as a strong support for BTCUSD. The reasons are listed below:
If that happens, it will be over 20% drop. If the drop with a speed, most likely it will bounce back with power. I will be here (3154-3260) waiting...
- The fib retracement is right at .382.
- price had consolidated in that area before taking off higher
- trend line crosses at the same time
- Elliot wave No. 4
If that happens, it will be over 20% drop. If the drop with a speed, most likely it will bounce back with power. I will be here (3154-3260) waiting...
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