Looks like we are dealing with some type of Flat Correction. Leg C has printed at the 1.115% Fobonacci Extension and now is pulling back. However caution should be given as Bitcoin is in a very deceptive corrective pattern. We could end up with a much deeper Expanded Flat. Overall Bias remains Bearish.
Good Luck and Safe Trading!
Good Luck and Safe Trading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.