Hello, dear friends!
After reaching the target at $28600 we told you that Bitcoin will not likely pump more at least without any significaant correction. And now it's happening! After small consolidation price was not able to break through the Fibonacci 0.61 level and dumped hardly.
In our opinion this is the beginning of our anticipated dump to $FWB:21K, but we, traders, want to consider the short term picture.
If BTCUSDT is now forming the impulsive wave to the downside it shall consists of 5 Elliott waves. Now we are looking at wave 3 which has the target at 1.61 Fibonacci or $26k. Also notice that liquidity pool is also locate there.
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After reaching the target at $28600 we told you that Bitcoin will not likely pump more at least without any significaant correction. And now it's happening! After small consolidation price was not able to break through the Fibonacci 0.61 level and dumped hardly.
In our opinion this is the beginning of our anticipated dump to $FWB:21K, but we, traders, want to consider the short term picture.
If BTCUSDT is now forming the impulsive wave to the downside it shall consists of 5 Elliott waves. Now we are looking at wave 3 which has the target at 1.61 Fibonacci or $26k. Also notice that liquidity pool is also locate there.
🚀Follow us and never miss update
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Claim up to 600 USDT in welcome rewards & compete for a share of 5,000 USDT in BitMart Futures Contest!
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
Related publications
Disclaimer
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.