InvestMate|Bitcoin, time to increase ₿

₿ Bitcoin, time to increase

₿ Bitcoin, as I wrote in my last post. Bitcoin has made a strong breakout.

₿ Then we are left with no other option than to join the upward momentum in anticipation to reach the resistance zone.

₿ We have rebounded from a strong support zone determined by the fibo level of 0.786 of the entire downward wave from the 2017 peak to the 2018 bottom.

₿ We are facing a strong resistance zone determined by a cluster of fibo levels. The first is the 0.886 level of the entire downward wave from the 2017 peak to the 2018 bottom and the second level is the 0.786 level of the entire upward wave from the 2020 bottom to the 2021 peak.

₿ The scenario I am playing out is a continuation of the rise to reach the resistance zone. Once the price is there I will observe how it will behave in order to predict the next move. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

₿ *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.

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