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Tolberti

Bitcoin - The strongest support right now! 0.618 FIB

Long
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
Tolberti Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Support and Resistance Fundamental Analysis Beyond Technical Analysis BTCUSDT BTCUSD Zigzag FLAT Fibonacci Retracement Trend Line Break Rising Wedge Ascending Channel Bullish Pennant
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supportandresistance fundamental beyondta btcusdt btcusd zigzag flat fibonacciretracement trendlinebreak risingwedge ascendingchannel bullishpennant
  • Today I woke up and saw a massive red dildo and I have to make an update and give you an idea, so keep reading!
  • As you can see on the chart, the price went down pretty significantly, but is it really a problem? I don't think so.
  • I detected an impulse wave that was completed a few days ago, and we are retracing this wave. There is nothing wrong with that. Currently we are at the 0.618 FIB retracement, which is a classic correction for an impulse wave (1).
  • The 0.618 FIB is a very healthy correction and usually the majority is selling while the smart money is buying.
  • If you think Bitcoin is going to 13k, let me know in the comment section.
  • Counter-trends are usually very steep, which can be seen on this chart.
  • Bitcoin is very weak compared to altcoins, very weak. This is an indication of an alt season to me.
  • For more analysis, hit "Like" and "Follow"!
Comment:
It pumped extremely hard from the 0.618 FIB, as I expected, and the price retested the trendline. But the crypto market is crazy, and the dump followed.
snapshot

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