TradingView
CR35
Feb 8, 2021 1:51 PM

BTC Possible Scenarios (For Now) 

Bitcoin / U.S. dollarBitstamp

Description

BITSTAMP:BTCUSD



It looks like BTC is setting new highs again. We are approaching a 2.618 fib. extension level. If we go break above it and form a support, we could be VERY BULLISH. That would be nice, but for now i belive it is more likely that we will get rejected from that 2.618 level and retest much lower areas, then go for a final rally with the altcoins outperforming BTC.

I am not a financial advisor so don't buy anything that a say. Be well.

Comment


Probably still to early for an update, but we can already see that, even though we did poke through 2.618 fib. ext. level but got rejected. that is not to say that we could try go up one more time. Will do one more update on that.
Comments
Dave-FX-Hunter
Perfect idea
UnknownUnicorn6397557
never dump
CR35
@saeid_k67, It would be completely normal and healthy for BTC price to do one more 35-50% retest before going for the last pump in this cycle
UnknownUnicorn6397557
@CR35, I will wait (^_^)
More