Hello, everyone!
Bitcoin made another one leg up and stopped just under the top at $32k. It looks really dangerous for bears. Anyway my main scenario still can be valid, but today I want to consider what if I am wrong and BTC will break $32k, how it can happen.
If we look at the current move as to the impulse here are no ways except this is wave 3 finish. we can see the perfect reaching of the 1.61 Fibonacci extension and forming of the bearish reversal bar at the top. This time the reversal can be real and minimal target is still at $28200.
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Bitcoin made another one leg up and stopped just under the top at $32k. It looks really dangerous for bears. Anyway my main scenario still can be valid, but today I want to consider what if I am wrong and BTC will break $32k, how it can happen.
If we look at the current move as to the impulse here are no ways except this is wave 3 finish. we can see the perfect reaching of the 1.61 Fibonacci extension and forming of the bearish reversal bar at the top. This time the reversal can be real and minimal target is still at $28200.
🚀Follow us and never miss the update
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