Bitcoin will fall EXACTLY to this level!
Hello, my dear friends!
Yesterday I told you about two possible scenarios for
BTC . I pointed out the risky and safe ones. The risky one was the retracement to 0.61 Fibonacci of local swing to $30300. My limit order was filled there, but I closed it in small profit because I don't like what is happening on the Bitcoin market at the current moment. I think price will fall to the safe support level.
After reaching the wave 3 top, we can see this top on the Awesome Oscillator. Now BTCUSDT is printing the wave 4. The AO is showing that this wave could be ended, because minimal requirement, zero line crossover has occured. But I think dump will continue.
On the BTC price chart we can see the target area for the wave 4 has not been reached at $28900. This is 0.38-0.5 Fibonacci retracement level - the most trustful target. Moreover we can count the internal waves to have more precise target . I consider that waves B and C has been finished already. We can use the Fibonacci extension 1 - 1.61 levels. This target area corresponds to the wave 4 target. Therefore I think correction will be finished at 29k. The strongest reversal sign is gonna be the bullish reversal bar with the squat state on the MFI.
Best regards, Ivan
_____________________________________________________________
🔥Please, follow me and smash the rocket🚀 button to support me🔥
Yesterday I told you about two possible scenarios for
BTC . I pointed out the risky and safe ones. The risky one was the retracement to 0.61 Fibonacci of local swing to $30300. My limit order was filled there, but I closed it in small profit because I don't like what is happening on the Bitcoin market at the current moment. I think price will fall to the safe support level. After reaching the wave 3 top, we can see this top on the Awesome Oscillator. Now BTCUSDT is printing the wave 4. The AO is showing that this wave could be ended, because minimal requirement, zero line crossover has occured. But I think dump will continue.
On the BTC price chart we can see the target area for the wave 4 has not been reached at $28900. This is 0.38-0.5 Fibonacci retracement level - the most trustful target. Moreover we can count the internal waves to have more precise target . I consider that waves B and C has been finished already. We can use the Fibonacci extension 1 - 1.61 levels. This target area corresponds to the wave 4 target. Therefore I think correction will be finished at 29k. The strongest reversal sign is gonna be the bullish reversal bar with the squat state on the MFI.
Best regards, Ivan
_____________________________________________________________
🔥Please, follow me and smash the rocket🚀 button to support me🔥
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