Trader_Polo

BITCOIN ABC RETRACEMENT

BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
since we never took the highs of 32300, i would be expecting abc retracement here to around 16-20k level
Comment:
if we reclaim 28k as support, that would be bullish enough for new highs, otherwise i'm really looking to sell around that cme at 28k
Comment:
17th october fib time
Comment:
if you thought this Bitcoin pump was bullish, you might be very surprised
Comment:
a quick rise in price is often retraced just as quick
Comment:
consolidation above support is not bullish, the lows being tested over and over again should be broken
Comment:
just taking the lows would be good enough for some bounce

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