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GerardWalker
Feb 17, 2020 9:47 AM

Bitcoin 5k scenario 

Bitcoin / U.S. dollarBitstamp

Description

Just putting this one here as one of the alternative paths
Bitcoin seems to have rejected the 0.618 log scale fib resistance which is common for (x) waves
Besides we havent really visited the 0.618 fib retrace in the log scale which is the common minimum targets for wave (ii) correction

Again this is just a scenario not to sure yet if this will play out
Just something to be aware of

Stay safe

Comment


CME gap created 12th of August gap didnt fill but price went down 44% instead
Gap hasnt filled up until now btw
Yall think this time will be different?
WE shall see only time will tell

critical levels marked
Comments
himi
I also see high potential for this scenario actually. A bounce at $4190 would be the same scenario as with the Litecoin which bounced at around $36 recently.
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