Bitcoin reversal. Crash likely to reach the 1.618 Fib line,

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Odalisque

After thorough analysis of a range of fractals and reversing the Fib retracement as seen on the chart, I have come to the conclusion that it is very likely that a rapid crash to the 200 day MA on the weekly timeframe is to happen. The 200 day MA on the weekly perfectly coincides with the 1.618 Fib line of the reversed retracement tool. This would make the sequence complete, ready to start the climb to a new ATH.

You might be interested in …

Trading View May 8, 2022

BNBUSD ON TRACK

BNBUSD ON TRACK Binance Coin / US Dollar (calculated by TradingView) BINANCE:BNBUSD isampurna BNBUSD good idea for long, BNBUSD was moving out from the downtrend major. and rightnow in sideways area. watch if break in […]

Trading View May 18, 2022

patiently waiting

patiently waiting Bitcoin / U.S. dollar BITSTAMP:BTCUSD mooncrest-holdings-ltd massive pump inbound hoping theres a pull back of 35% depending on how high the price goes—I would be nice to be worth the value of berkshire […]

Trading View April 20, 2022

Rune 4h Trade

Rune 4h Trade Thorchain Perpetual Futures FTX:RUNEPERP Serene_Crypto Setup: Rune has been up on an uptrend recently and has bounced off its 200D EMA , meaning the uptrend is still intact. Furthermore, Rune has good […]