Bitcoin – MEGA Falling Wedge + 0.618 FIB Support!

Bitcoin / TetherUS BINANCE:BTCUSDT

Tolberti

– On the weekly chart we can spot a huge falling wedge – bullish reversal pattern!
– If you take a fibonacci retracement from previous low (3000 USD) – we are currently sitting on the 0.618 FIB level!
– I think the drop below 28k was a capitulation event to kick out all stop losses and trigger liquidations.
– ABC correction from all time high is now completed with 0,618 FIB extension on wave C.

You might be interested in …

Trading View April 10, 2022

That's Cool Bro

That's Cool Bro Bitcoin / TetherUS BINANCE:BTCUSDT cupkratos Yeah Bro, like you know this and that Perhaps these and those blah blah

Trading View March 31, 2022

ZIL “SHORT”

ZIL "SHORT" Zilliqa / TetherUS BINANCE:ZILUSDT shadowfox_Analyst due to overbought on Daily time frame. also ascending channel has broken from the bottom. I think first target will be 0.17 and second is 0.15500

Trading View May 2, 2022

$80,000 in June or July?

$80,000 in June or July? Bitcoin / U.S. dollar BITSTAMP:BTCUSD dCommunity I am just playing around with the charts, learning how to use the different indicators, etc. I know what prices I expect to see […]