Previously, I called for a pullback within the rising trend with some 6%+ profit potential. The trade was a winner: The question, whether a cyclical top was formed @6180 is still on the table. To my mind, we need to see the price break beyond this minor pitchfork to confirm a larger correction is under way. That is, the break of $5420 (roughly) signals more selling towards $4960. This may be another 8% deal. There is still possibility for another all-time high under extended 3rd wave scenario.
@agency, what extension do you mean? Here are the fib levels: If btc doesn't drop below 5600 soon, new highs are very likely.
Trader6127
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@Nickonomics, the fibo levels are too confusing on your chart. :P Do you have 3520 for base?
Any way I have confluence at $6028 thats all. Can't see the market gauging 6100 as a target, or maybe I'm missing something/...