BTC correction and then jump to new Summit!

22 thg 10, 2021

The bitcoin correction trend according to the chart in the weekly timeframe, and based on the Fibonacci lines, will probably continue until the support of 52,000, which corresponds to 38% of the Fibonacci. What has been the case with bitcoin ascents in the past is that before each new ATH, there was one ascent, a 6 to 12 day correction period, and a 17 to 23 percent drop in price. This history can be our guide to the future uptrend of Bitcoin.
I will be trading shorts until 52,000 at the moment and then switch to long trades.

BTCUSDT

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