BTC continues to respect the bullish corrective structure, as the range tightens in this huge rising wedge formation. BUT we can identify price has formed a triple top off the 0.5 fibonacci followed by a small break of low on the 4H timeframe, price is now retracing to potentially form a new LH - if we get confirmations of a new LH formation we will be looking to get back in our shorts.
Breaking 0.382 zone on Fibonacci would mean going for a $21600 in our opinion. Great view champ!
ITSCRYPTO1
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Haha chill guys we all have different perspectives and bias - we will see soon enough which is correct ! Enjoy your day god bless
Behrooz722
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bad
ITSCRYPTO1
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@Behrooz722, yep thanks for your expert opinion lol
JoeChampion
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@ITSCRYPTO1, some people wants to pump it so bad since they're fan, macro environment is so bearish as we head to wards a global recession. months will tell. Well done to you mate. we should never fight the fed, Cryptos should drop on medium term horizon!
jdo85
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@ITSCRYPTO1 well expert, we will go down like that ? ofcourse not. just another hoppium drawing. can we go down ? yes like your chart ? dont think so expert
yarasphoen
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@jdo85, it is a bearish bias with max bearish target at the moment. Doesn't mean it will fall sharply to 17k.