This line has been resistance touched 2 times before breaking it to upside and in Jul 02 we called for a bear trap below 10k when this line turned to support and now we retesting it for the 2nd time ( another bear trap! ) Breaking below this line = bearish
ABC correction moving inside symmetrical triangle with descending top and ascending bottom targeting 16,600
Extended Wave 1 (3100 to 9100): Fibonacci extension golden ratio (1.618) targeting 18,800
Daily repeated hidden bullish divergence on RSI & MACD
Repeated fractals on RSI & MACD, we can expect a higher macd wave formation
=========================================== Please understand that we are only analysis the price movement and sharing my view with others only for education purposes, none of my ideas stand as buy/sell signals and i am long term holder, This community is about sharing and learning and there is nobody got the right to judge if ideas being right or wrong!! If you don't agree just walk a way. If sharing my views help, leave a follow, give thumb up, your opinions are welcomed. =========================================== Previous ideas: Bitcoin bull run fractals on daily - Targeting Golden Ratio! Bitcoin free fly incoming! 4HR hidden bull DIV completed! Bear Trap triggered below 10k
Original idea: Get in the train and ignore your fear, ATH in 1-2 month
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Trap: BTC below $10,000 for the last time! ( click to read details )
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Anyone wondering what is the count for the previous bear market correction in my opinion: