looking at the chart of bitcoin i can see it makes a lot of sense to come down to 8400 to 8500 level. because of several reasons.
CME futures gap. we have a gap at 8715 level ( i will post a chart later on this idea ) to fill this gap bitcoin should come down to test 8500 level.
8500 is the 61.8% retracement of the large 40% move on bitcoin. (big fib i drew)
8387 is the level when this possible zig-zag correction from 10.3k whould have a A to C ratio of 1. in other words i think this price decrease is a correction and it will end at the level in which wave C equals wave A.
always have a stop loss.
do a limit order and put the stop loss and take profit as i show you.
CME futures gap. we have a gap at 8715 level ( i will post a chart later on this idea ) to fill this gap bitcoin should come down to test 8500 level.
8500 is the 61.8% retracement of the large 40% move on bitcoin. (big fib i drew)
8387 is the level when this possible zig-zag correction from 10.3k whould have a A to C ratio of 1. in other words i think this price decrease is a correction and it will end at the level in which wave C equals wave A.
always have a stop loss.
do a limit order and put the stop loss and take profit as i show you.
註釋
註釋
i think btc dump to 8500 will bring all altcoin to significant lower levels. based on historical analysis. so consider a selling setup on you alt then buy back lower.
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