Bitcoin to DIP further to complete the correction
As mentioned in my previous analysis that Bitcoin's momentum is weakening and expected Bitcoin dropped. You can read my previous analysis under related ideas.
Going by chart, Bitcoin has completed wave A & B of ABC wave and now heading towards point C.
At around 35349 - 39052 falls two fib channels.
First channel is from point A to B, where Bitcoin can potentially bounce from fib level of 1.618.
Second channel is from the start of the impulsive wave, which will collectively form Wave 1 of the Super cycle. So Bitcoin has already passed 0.5 fib level. Now it is heading towards 0.618.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Going by chart, Bitcoin has completed wave A & B of ABC wave and now heading towards point C.
At around 35349 - 39052 falls two fib channels.
First channel is from point A to B, where Bitcoin can potentially bounce from fib level of 1.618.
Second channel is from the start of the impulsive wave, which will collectively form Wave 1 of the Super cycle. So Bitcoin has already passed 0.5 fib level. Now it is heading towards 0.618.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
