knikitov

BTC/EUR - "Flat Correction", or rest before the next rally?

KRAKEN:BTCEUR   Bitcoin / Euro
The BTC/EUR entered into consolidation.
In the coming week I expect to see a correction in the zone between 8700E and 12000E.
It is difficult to say what the form of the adjustment will be in advance.

A basic level of support is 38.2% FIBO (8700E)

The other two important levels are 50% FIBO (9300E) and 23.6% FIBO (7800E).
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