Hi there,
Before I start I will show you the total marketcycle of bitcoin. Its finishing this marketcycle. Expectation going down before a new marketcycle will start.
Then a more detailed look. Bitcoin broke through its resistance line and through the 61,8% line which means fully bullish character. (yellow circle).
I hear you thinking, till what level will it fall for a new buy in. That could be around $8600. A little bit above a little bit below. Keep an eye on it and make your own wise decisions. Good trade!
Before I start I will show you the total marketcycle of bitcoin. Its finishing this marketcycle. Expectation going down before a new marketcycle will start.
Kommentar:
A little mistake. When a said bullish character needs to be bearish character. My apologies!
Trade ist aktiv:
Just to remind you, bitcoin is ending its marketcycle. Following the uellow arrow. Its fully bearish now under 61.8%. Next stop Fib-level lower or the one next. Quite some percentages losses to count. Good trade!