This view combine Pivot points with Fibonacci extension and is showing that price has reached critical resistance3 (R3) which lies at 161,80% Fibo extension. Expecting correction which can represent possible wave 4. Still a strong bullish uptrend, but I would be carefull with short-term buy positions now.
Comment:
Nice drop to 3 600. I am expecting one more drop from 4 000 - 4 100.
Comment:
One month later Bitcoin has enter a potential new buy zone. Price is now testing previous high and 100 SMA.
Waiting for buy signal.
Waiting for buy signal.